https://www.taxtmi.com/highlights?id=75929 TP Adjustment - Comparable selection - determination of arm’s length prices (ALP) - The High Court observed that the dissimilarity in products sold and their respective turnovers could significantly impact the profitability of an entity. Despite acknowledging significant differences and accepting the appellant's arguments, the ITAT failed to entirely exclude Modicare. The Court considered this a vital infirmity and directed the ITAT to re-examine the appropriateness of including Modicare and the functional difference in marketing strategy between the entities. en-us Thu, 21 Mar 2024 09:23:59 +0530 Thu, 21 Mar 2024 09:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75929 TP Adjustment - Comparable selection - determination of arm’s length prices (ALP) - The High Court observed that the dissimilarity in products sold and their respective turnovers could significantly impact the profitability of an entity. Despite acknowledging significant differences and accepting the appellant's arguments, the ITAT failed to entirely exclude Modicare. The Court considered this a vital infirmity and directed the ITAT to re-examine the appropriateness of including Modicare and the functional difference in marketing strategy between the entities. Highlights Income Tax Thu, 21 Mar 2024 09:23:59 +0530 https://www.taxtmi.com/highlights?id=75929