https://www.taxtmi.com/caselaws?id=758402 The HC dismissed the appeal, affirming the ITAT's decision to exclude Vishal Information Technologies Ltd. and Nucleus Net soft & GIS (India) Ltd. as comparables for determining the arm's length price in international transactions. The ITAT's rationale was based on functional dissimilarities, different business models, and lack of comparable segmental data. en-us Wed, 01 May 2024 00:00:00 +0530 Fri, 13 Sep 2024 08:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758402 The HC dismissed the appeal, affirming the ITAT's decision to exclude Vishal Information Technologies Ltd. and Nucleus Net soft & GIS (India) Ltd. as comparables for determining the arm's length price in international transactions. The ITAT's rationale was based on functional dissimilarities, different business models, and lack of comparable segmental data. Case-Laws Income Tax Wed, 01 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758402