https://www.taxtmi.com/caselaws?id=305562 The case involved transfer pricing adjustments proposed by the Transfer Pricing Officer (TPO) and upheld by the Disputes Resolution Panel (DRP). The dispute centered on the adjustment amount of Rs 3,53,24,242/- relating to an international transaction with an Associated Enterprise (AE). The Tribunal directed the exclusion of certain companies as comparables due to functional dissimilarities and inconsistencies in profit level indicator (PLI) computation. The appeal was allowed, emphasizing the need for a proper understanding of the assessee's functional profile and consistency in PLI calculation. en-us Wed, 30 Jun 2021 00:00:00 +0530 Mon, 12 Dec 2022 10:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305562 The case involved transfer pricing adjustments proposed by the Transfer Pricing Officer (TPO) and upheld by the Disputes Resolution Panel (DRP). The dispute centered on the adjustment amount of Rs 3,53,24,242/- relating to an international transaction with an Associated Enterprise (AE). The Tribunal directed the exclusion of certain companies as comparables due to functional dissimilarities and inconsistencies in profit level indicator (PLI) computation. The appeal was allowed, emphasizing the need for a proper understanding of the assessee's functional profile and consistency in PLI calculation. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305562