https://www.taxtmi.com/caselaws?id=310846 The ITAT Bangalore upheld exclusion of multiple comparables for transfer pricing analysis due to functional dissimilarity, extraordinary events, size differences, and high turnover ratios. Companies excluded included Bodhtree Consulting Ltd., Exensys Software Solution Ltd., Syassaris Software P. Ltd., Thirdware Solutions Ltd., Tata Elxsi Ltd., and several others with turnover exceeding 10 times the assessee's turnover. The Tribunal remanded certain comparable selection issues to the TPO for re-examination with proper RPT filter application. Regarding Section 10A deduction for Unit II, the Tribunal confirmed the CIT(A)'s decision allowing the deduction, following previous Tribunal orders upheld by Karnataka HC. en-us Fri, 04 Nov 2016 00:00:00 +0530 Tue, 21 Nov 2023 20:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310846 The ITAT Bangalore upheld exclusion of multiple comparables for transfer pricing analysis due to functional dissimilarity, extraordinary events, size differences, and high turnover ratios. Companies excluded included Bodhtree Consulting Ltd., Exensys Software Solution Ltd., Syassaris Software P. Ltd., Thirdware Solutions Ltd., Tata Elxsi Ltd., and several others with turnover exceeding 10 times the assessee's turnover. The Tribunal remanded certain comparable selection issues to the TPO for re-examination with proper RPT filter application. Regarding Section 10A deduction for Unit II, the Tribunal confirmed the CIT(A)'s decision allowing the deduction, following previous Tribunal orders upheld by Karnataka HC. Case-Laws Income Tax Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310846