https://www.taxtmi.com/caselaws?id=763284 Delhi HC dismissed appeals challenging Tribunal's exclusion of seven comparables in transfer pricing adjustment case. Assessee engaged in TV channel distribution activities. Tribunal correctly held that satellite TV channels and cable network operators cannot be equated with assessee's activities due to lack of functional similarity. HC noted that appellants had not previously challenged similar Tribunal determinations for assessment years 2007-08 and 2008-09. Court found no merit in appeals as excluded comparables failed to satisfy functional similarity test required for transfer pricing analysis. en-us Tue, 10 Sep 2024 00:00:00 +0530 Tue, 17 Dec 2024 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763284 Delhi HC dismissed appeals challenging Tribunal's exclusion of seven comparables in transfer pricing adjustment case. Assessee engaged in TV channel distribution activities. Tribunal correctly held that satellite TV channels and cable network operators cannot be equated with assessee's activities due to lack of functional similarity. HC noted that appellants had not previously challenged similar Tribunal determinations for assessment years 2007-08 and 2008-09. Court found no merit in appeals as excluded comparables failed to satisfy functional similarity test required for transfer pricing analysis. Case-Laws Income Tax Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763284