https://www.taxtmi.com/caselaws?id=306497 The Tribunal upheld the decision to exclude M/s. Karvy Consultants Ltd. as a comparable in the transfer pricing analysis for the assessment year 2003-04. The Tribunal found that the Transfer Pricing Officer had exceeded his jurisdiction by including M/s. Karvy Consultants Ltd. despite specific directions to exclude comparables with turnover below Rs. 5 crores in the Information Technology Enabled Services segment. Emphasizing adherence to past judgments and turnover criteria, the Tribunal dismissed the appeal, highlighting the importance of consistency and jurisdictional limits in transfer pricing assessments. en-us Tue, 21 Dec 2021 00:00:00 +0530 Fri, 03 Feb 2023 21:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306497 The Tribunal upheld the decision to exclude M/s. Karvy Consultants Ltd. as a comparable in the transfer pricing analysis for the assessment year 2003-04. The Tribunal found that the Transfer Pricing Officer had exceeded his jurisdiction by including M/s. Karvy Consultants Ltd. despite specific directions to exclude comparables with turnover below Rs. 5 crores in the Information Technology Enabled Services segment. Emphasizing adherence to past judgments and turnover criteria, the Tribunal dismissed the appeal, highlighting the importance of consistency and jurisdictional limits in transfer pricing assessments. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306497