https://www.taxtmi.com/highlights?id=74662 TP Adjustment - comparable selection - upper turnover filter - The assessee submits that the turnover of the assessee is only Rs. 124 Crores during the relevant previous year, hence, companies having turnover of more than Rs. 200 Crores needs to be excluded from the comparable list while calculating the ALP of the said international transaction. Following the earlier decision in assessee’s own case the Tribunal restored the matter before the AO with a direction to adopt upper turnover filter of Rs. 200 Crores. en-us Tue, 06 Feb 2024 20:17:31 +0530 Tue, 06 Feb 2024 22:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74662 TP Adjustment - comparable selection - upper turnover filter - The assessee submits that the turnover of the assessee is only Rs. 124 Crores during the relevant previous year, hence, companies having turnover of more than Rs. 200 Crores needs to be excluded from the comparable list while calculating the ALP of the said international transaction. Following the earlier decision in assessee’s own case the Tribunal restored the matter before the AO with a direction to adopt upper turnover filter of Rs. 200 Crores. Highlights Income Tax Tue, 06 Feb 2024 20:17:31 +0530 https://www.taxtmi.com/highlights?id=74662