https://www.taxtmi.com/caselaws?id=313996 Selection of comparables in transfer pricing must be examined with reasoned consideration of the assessee's specific objections. Here, the objections to HSIL Limited and Cera Sanitary Ware Limited concerned functional dissimilarity, absence of segmental financials, and related R&D activity. Because these objections were not substantively dealt with, the matter was remanded for fresh adjudication on merits after considering the material already filed and granting effective opportunity of hearing. The assessee therefore obtained relief by restoration of the issue for de novo consideration. en-us Wed, 15 Sep 2021 00:00:00 +0530 Sat, 11 May 2024 21:15:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313996 Selection of comparables in transfer pricing must be examined with reasoned consideration of the assessee's specific objections. Here, the objections to HSIL Limited and Cera Sanitary Ware Limited concerned functional dissimilarity, absence of segmental financials, and related R&D activity. Because these objections were not substantively dealt with, the matter was remanded for fresh adjudication on merits after considering the material already filed and granting effective opportunity of hearing. The assessee therefore obtained relief by restoration of the issue for de novo consideration. Case-Laws Income Tax Wed, 15 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313996