https://www.taxtmi.com/caselaws?id=442921 The Tribunal partly allowed both appeals for statistical purposes. It upheld the inclusion of HSIL Ltd. as a comparable due to alignment in core activities but excluded Cera Sanitaryware Ltd. for significant differences. The Tribunal directed the use of Murudeshwar Ceramics Limited's vitrified segmental results for analysis. The issue of transfer pricing adjustment for raw materials was restored for the assessee to present its case. MAT credit verification for the assessment year 2016-17 was directed. The Tribunal issued specific directions for each issue, with the order pronounced on August 31, 2023. en-us Thu, 31 Aug 2023 00:00:00 +0530 Wed, 13 Sep 2023 09:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442921 The Tribunal partly allowed both appeals for statistical purposes. It upheld the inclusion of HSIL Ltd. as a comparable due to alignment in core activities but excluded Cera Sanitaryware Ltd. for significant differences. The Tribunal directed the use of Murudeshwar Ceramics Limited's vitrified segmental results for analysis. The issue of transfer pricing adjustment for raw materials was restored for the assessee to present its case. MAT credit verification for the assessment year 2016-17 was directed. The Tribunal issued specific directions for each issue, with the order pronounced on August 31, 2023. Case-Laws Income Tax Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442921