https://www.taxtmi.com/caselaws?id=435073 The Tribunal upheld the Dispute Resolution Panel's directions, finding them legally sound and in line with established precedents. It affirmed the use of turnover as a criterion for comparability, excluding companies outside the Rs.200 crore to Rs.2000 crore range. The Tribunal supported the exclusion of comparables with turnover exceeding Rs.2000 crores, emphasizing the need for a reasonable classification. It rejected the Revenue's proposal of a 10 times turnover filter, stating it was not a valid criterion. The Tribunal's decision favored the assessee and impacted non-US AE transactions, with the order issued on December 16, 2022. en-us Fri, 16 Dec 2022 00:00:00 +0530 Sat, 11 Mar 2023 08:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435073 The Tribunal upheld the Dispute Resolution Panel's directions, finding them legally sound and in line with established precedents. It affirmed the use of turnover as a criterion for comparability, excluding companies outside the Rs.200 crore to Rs.2000 crore range. The Tribunal supported the exclusion of comparables with turnover exceeding Rs.2000 crores, emphasizing the need for a reasonable classification. It rejected the Revenue's proposal of a 10 times turnover filter, stating it was not a valid criterion. The Tribunal's decision favored the assessee and impacted non-US AE transactions, with the order issued on December 16, 2022. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435073