https://www.taxtmi.com/caselaws?id=762900 ITAT Bangalore remitted the transfer pricing adjustment issue concerning comparable entity selection to the Dispute Resolution Panel for fresh consideration. The tribunal found that the DRP had not independently adjudicated the assessee's specific arguments regarding the comparability of three entities - two private limited companies and one infrastructure finance company. The DRP's decision was deemed inadequate as it failed to properly address the assessee's contentions in a wholesome manner, necessitating remand for proper hearing and reconsideration. en-us Tue, 04 Jun 2024 00:00:00 +0530 Mon, 09 Dec 2024 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762900 ITAT Bangalore remitted the transfer pricing adjustment issue concerning comparable entity selection to the Dispute Resolution Panel for fresh consideration. The tribunal found that the DRP had not independently adjudicated the assessee's specific arguments regarding the comparability of three entities - two private limited companies and one infrastructure finance company. The DRP's decision was deemed inadequate as it failed to properly address the assessee's contentions in a wholesome manner, necessitating remand for proper hearing and reconsideration. Case-Laws Income Tax Tue, 04 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762900