https://www.taxtmi.com/caselaws?id=307215 The Tribunal allowed the appeals in part, directing the AO/TPO to make necessary adjustments and exclusions. The Tribunal emphasized the importance of functional similarity in selecting comparables and the need for appropriate economic adjustments in transfer pricing analysis. The appellant succeeded in challenging the transfer pricing addition, exclusion of certain comparables, disallowance of miscellaneous expenses, and treatment of impairment of assets. The Tribunal also directed the inclusion of certain companies in the final set of comparables and allowed adjustments for custom duty and capacity utilization. en-us Fri, 21 Aug 2020 00:00:00 +0530 Tue, 28 Mar 2023 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307215 The Tribunal allowed the appeals in part, directing the AO/TPO to make necessary adjustments and exclusions. The Tribunal emphasized the importance of functional similarity in selecting comparables and the need for appropriate economic adjustments in transfer pricing analysis. The appellant succeeded in challenging the transfer pricing addition, exclusion of certain comparables, disallowance of miscellaneous expenses, and treatment of impairment of assets. The Tribunal also directed the inclusion of certain companies in the final set of comparables and allowed adjustments for custom duty and capacity utilization. Case-Laws Income Tax Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307215