https://www.taxtmi.com/caselaws?id=445910 ITAT Delhi excluded Aptico Limited, Indus Technical and Financial Consultants, Technicom-chemie (India) Ltd., and WAPCOS Ltd. from the list of comparables for transfer pricing analysis due to lack of proper segmental reporting and functional differences. The tribunal directed inclusion of India Tourism Development Corporation Ltd. and Idma Laboratories Ltd. as comparables, following precedent in assessee's own case and considering functional similarity respectively. The working capital adjustment computation issue was restored to the Assessing Officer for correct calculation after providing reasonable opportunity to the assessee. en-us Fri, 17 Nov 2023 00:00:00 +0530 Tue, 21 Nov 2023 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445910 ITAT Delhi excluded Aptico Limited, Indus Technical and Financial Consultants, Technicom-chemie (India) Ltd., and WAPCOS Ltd. from the list of comparables for transfer pricing analysis due to lack of proper segmental reporting and functional differences. The tribunal directed inclusion of India Tourism Development Corporation Ltd. and Idma Laboratories Ltd. as comparables, following precedent in assessee's own case and considering functional similarity respectively. The working capital adjustment computation issue was restored to the Assessing Officer for correct calculation after providing reasonable opportunity to the assessee. Case-Laws Income Tax Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445910