https://www.taxtmi.com/caselaws?id=303552 The High Court upheld the decision to exclude M/s. Vishal Information Technology Ltd. as a comparable company for determining the Arm's length price (ALP) due to significant differences in business models. Additionally, the inclusion of CG Vak Software and Exports Ltd., a consistently loss-making company, as a comparable was justified as it made a profit in the relevant assessment year. The Court dismissed the appeal, emphasizing the need to avoid filing appeals without demonstrating perversity or substantial legal questions in Transfer Pricing cases. en-us Tue, 20 Aug 2019 00:00:00 +0530 Fri, 29 Jul 2022 09:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303552 The High Court upheld the decision to exclude M/s. Vishal Information Technology Ltd. as a comparable company for determining the Arm's length price (ALP) due to significant differences in business models. Additionally, the inclusion of CG Vak Software and Exports Ltd., a consistently loss-making company, as a comparable was justified as it made a profit in the relevant assessment year. The Court dismissed the appeal, emphasizing the need to avoid filing appeals without demonstrating perversity or substantial legal questions in Transfer Pricing cases. Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303552