https://www.taxtmi.com/caselaws?id=771858 The ITAT Delhi held that multiple companies rejected by the assessee as comparables for transfer pricing analysis of felt packing material sales were correctly excluded. Companies like Tangerine Design Private Limited, Raymond Apparel Limited, Shiva Suitings Limited, V-Mart Retail Limited, V2 Retail Limited, 7NR Retail Limited, New India Retailing & Investments Limited, Arnav Fashions Ltd, Nivaka Fashions Ltd, and Euro Vistaa India Ltd were deemed inappropriate comparables due to fundamental differences in business nature, product types, and operational models compared to the appellant's felt packing material trading business. The tribunal applied the Bright Line Test for transfer pricing adjustments. en-us Wed, 28 May 2025 00:00:00 +0530 Sat, 31 May 2025 08:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771858 The ITAT Delhi held that multiple companies rejected by the assessee as comparables for transfer pricing analysis of felt packing material sales were correctly excluded. Companies like Tangerine Design Private Limited, Raymond Apparel Limited, Shiva Suitings Limited, V-Mart Retail Limited, V2 Retail Limited, 7NR Retail Limited, New India Retailing & Investments Limited, Arnav Fashions Ltd, Nivaka Fashions Ltd, and Euro Vistaa India Ltd were deemed inappropriate comparables due to fundamental differences in business nature, product types, and operational models compared to the appellant's felt packing material trading business. The tribunal applied the Bright Line Test for transfer pricing adjustments. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771858