https://www.taxtmi.com/caselaws?id=762938 The ITAT Mumbai directed exclusion of three companies (MOIAPL, LCAPL, MOEPAPL) from the comparable list for transfer pricing adjustment, finding them functionally incomparable with the assessee. The decision followed binding precedent from a coordinate bench. However, three other companies (ICRA, Cyber, ITIL) were ordered to be included as comparables, being functionally similar to the assessee. The TPO/AO was directed to recalculate the arm's length price using the revised comparable set. en-us Tue, 02 Jul 2024 00:00:00 +0530 Tue, 10 Dec 2024 08:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762938 The ITAT Mumbai directed exclusion of three companies (MOIAPL, LCAPL, MOEPAPL) from the comparable list for transfer pricing adjustment, finding them functionally incomparable with the assessee. The decision followed binding precedent from a coordinate bench. However, three other companies (ICRA, Cyber, ITIL) were ordered to be included as comparables, being functionally similar to the assessee. The TPO/AO was directed to recalculate the arm's length price using the revised comparable set. Case-Laws Income Tax Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762938