https://www.taxtmi.com/caselaws?id=446949 ITAT Hyderabad ruled on transfer pricing comparable selection criteria, holding that turnover and brand name are relevant factors for determining arm's length price comparables. The tribunal directed exclusion of two entities from the comparable list based on these criteria, following precedents from Karnataka HC, Delhi HC, and ITAT New Delhi. Regarding working capital adjustment denial, the matter was remanded to the Assessing Officer/TPO for fresh consideration, noting prior adjustments granted in similar cases. Grounds were allowed for statistical purposes. en-us Tue, 21 Nov 2023 00:00:00 +0530 Fri, 15 Dec 2023 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446949 ITAT Hyderabad ruled on transfer pricing comparable selection criteria, holding that turnover and brand name are relevant factors for determining arm's length price comparables. The tribunal directed exclusion of two entities from the comparable list based on these criteria, following precedents from Karnataka HC, Delhi HC, and ITAT New Delhi. Regarding working capital adjustment denial, the matter was remanded to the Assessing Officer/TPO for fresh consideration, noting prior adjustments granted in similar cases. Grounds were allowed for statistical purposes. Case-Laws Income Tax Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446949