https://www.taxtmi.com/caselaws?id=459392 The HC upheld the Tribunal's decision favoring the assessee, confirming that associated enterprises can be selected as tested parties for TP adjustments. The Court relied on prior rulings affirming the assessee's position across multiple assessment years and accepted that Indian TP guidelines and OECD standards do not prohibit associated enterprises from being tested parties. The Tribunal's findings on the functional, asset, and risk profiles were deemed legally valid. The decision was against the revenue. en-us Wed, 31 Jan 2024 00:00:00 +0530 Mon, 04 Aug 2025 15:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459392 The HC upheld the Tribunal's decision favoring the assessee, confirming that associated enterprises can be selected as tested parties for TP adjustments. The Court relied on prior rulings affirming the assessee's position across multiple assessment years and accepted that Indian TP guidelines and OECD standards do not prohibit associated enterprises from being tested parties. The Tribunal's findings on the functional, asset, and risk profiles were deemed legally valid. The decision was against the revenue. Case-Laws Income Tax Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459392