https://www.taxtmi.com/caselaws?id=298558 The Tribunal partially allowed the assessee's appeal, revising the adjustments in the Design Engineering Services and Manufacturing Function segments. The general and unpressed grounds were dismissed. The decision highlighted the significance of functional comparability and rejected the use of hypothetical transactions in transfer pricing adjustments. en-us Fri, 10 Nov 2017 00:00:00 +0530 Tue, 09 Nov 2021 20:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298558 The Tribunal partially allowed the assessee's appeal, revising the adjustments in the Design Engineering Services and Manufacturing Function segments. The general and unpressed grounds were dismissed. The decision highlighted the significance of functional comparability and rejected the use of hypothetical transactions in transfer pricing adjustments. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298558