https://www.taxtmi.com/caselaws?id=307477 The Tribunal allowed the appeal in favor of the assessee concerning Transfer Pricing Adjustment. The Tribunal found merit in excluding certain companies from the final set of comparables, including Apar Chematek Lubricants Ltd., Info Edge (India) Ltd., MM TV Limited, and Media Research Users Council. With these exclusions, the Tribunal determined that the margins shown by the assessee were at arm's length with the mean margins of the remaining comparable companies, leading to a decision in favor of the assessee. en-us Wed, 30 Oct 2019 00:00:00 +0530 Sun, 16 Apr 2023 17:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307477 The Tribunal allowed the appeal in favor of the assessee concerning Transfer Pricing Adjustment. The Tribunal found merit in excluding certain companies from the final set of comparables, including Apar Chematek Lubricants Ltd., Info Edge (India) Ltd., MM TV Limited, and Media Research Users Council. With these exclusions, the Tribunal determined that the margins shown by the assessee were at arm's length with the mean margins of the remaining comparable companies, leading to a decision in favor of the assessee. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307477