https://www.taxtmi.com/caselaws?id=298715 The revenue's appeal was partly allowed in the case, with the Tribunal restoring Microland Ltd. to the list of comparables. The exclusion of four other companies by the CIT(A) was upheld due to functional dissimilarity with the assessee engaged in Business Process Outsourcing services. The impact of extraordinary events on comparability was considered, leading to the exclusion of companies involved in mergers and acquisitions. The Tribunal affirmed the CIT(A)'s approach to determining the Arm's Length Price, ultimately resulting in the partial allowance of the revenue's appeal and dismissal of the assessee's Cross Objection. en-us Thu, 28 Feb 2019 00:00:00 +0530 Wed, 17 Nov 2021 08:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298715 The revenue's appeal was partly allowed in the case, with the Tribunal restoring Microland Ltd. to the list of comparables. The exclusion of four other companies by the CIT(A) was upheld due to functional dissimilarity with the assessee engaged in Business Process Outsourcing services. The impact of extraordinary events on comparability was considered, leading to the exclusion of companies involved in mergers and acquisitions. The Tribunal affirmed the CIT(A)'s approach to determining the Arm's Length Price, ultimately resulting in the partial allowance of the revenue's appeal and dismissal of the assessee's Cross Objection. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298715