https://www.taxtmi.com/caselaws?id=431744 The Tribunal upheld the inclusion of ICRA Management Consulting Services Ltd and Informed Technologies (India) Ltd as comparable companies for benchmarking international transactions, citing functional similarity and consistency with prior decisions. However, it directed the exclusion of Motilal Oswal Investment Advisers Pvt. Ltd and Ladderup Corporate Advisers Pvt. Ltd due to their dissimilarity in business verticals. Additionally, the Tribunal supported the assessee's benchmarking methodology for interest rate on Fully Convertible Debentures, rejecting the TPO's adjustment and emphasizing consistency with past approaches. The decision ensured adherence to legal and factual precedents in the benchmarking process. en-us Mon, 04 Jul 2022 00:00:00 +0530 Mon, 19 Dec 2022 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431744 The Tribunal upheld the inclusion of ICRA Management Consulting Services Ltd and Informed Technologies (India) Ltd as comparable companies for benchmarking international transactions, citing functional similarity and consistency with prior decisions. However, it directed the exclusion of Motilal Oswal Investment Advisers Pvt. Ltd and Ladderup Corporate Advisers Pvt. Ltd due to their dissimilarity in business verticals. Additionally, the Tribunal supported the assessee's benchmarking methodology for interest rate on Fully Convertible Debentures, rejecting the TPO's adjustment and emphasizing consistency with past approaches. The decision ensured adherence to legal and factual precedents in the benchmarking process. Case-Laws Income Tax Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431744