https://www.taxtmi.com/caselaws?id=306328 The Tribunal allowed the taxpayer's appeal, excluding several comparables and remitting the working capital adjustment issue to the TPO for reconsideration. Emphasizing functional comparability and adherence to judicial precedents in selecting comparables, the Tribunal upheld the use of TNMM with OP/TC as the PLI but reviewed the comparables used. The taxpayer's challenge to the assessment order was not specifically ruled upon, with the focus primarily on transfer pricing adjustments and related matters. en-us Mon, 31 Aug 2020 00:00:00 +0530 Tue, 18 Apr 2023 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306328 The Tribunal allowed the taxpayer's appeal, excluding several comparables and remitting the working capital adjustment issue to the TPO for reconsideration. Emphasizing functional comparability and adherence to judicial precedents in selecting comparables, the Tribunal upheld the use of TNMM with OP/TC as the PLI but reviewed the comparables used. The taxpayer's challenge to the assessment order was not specifically ruled upon, with the focus primarily on transfer pricing adjustments and related matters. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306328