https://www.taxtmi.com/caselaws?id=414902 The High Court upheld the ITAT's decision in a transfer pricing dispute, dismissing the appeal by the Revenue. The court found no substantial questions of law, affirming ITAT's factual findings on the nature of services and inclusion of comparables in the analysis. Emphasizing the discretionary nature of transfer pricing adjustments, the court criticized appeals lacking merit as wasteful. It directed a review of appeals filed on transfer pricing issues and withdrawal of those lacking evidence of perversity or challenging settled legal positions. The Revenue's counsel was instructed to communicate the court's decision for appropriate action. en-us Mon, 15 Nov 2021 00:00:00 +0530 Sat, 20 Aug 2022 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414902 The High Court upheld the ITAT's decision in a transfer pricing dispute, dismissing the appeal by the Revenue. The court found no substantial questions of law, affirming ITAT's factual findings on the nature of services and inclusion of comparables in the analysis. Emphasizing the discretionary nature of transfer pricing adjustments, the court criticized appeals lacking merit as wasteful. It directed a review of appeals filed on transfer pricing issues and withdrawal of those lacking evidence of perversity or challenging settled legal positions. The Revenue's counsel was instructed to communicate the court's decision for appropriate action. Case-Laws Income Tax Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414902