https://www.taxtmi.com/highlights?id=91640 The ITAT held that the comparable company selected by the TPO for transfer pricing adjustment did not match the functional profile of the assessee and thus must be excluded from the comparable set. Regarding other comparables, the tribunal directed the AO/TPO to reconsider their inclusion afresh, applying appropriate filters and providing the assessee a reasonable opportunity to be heard and submit supporting documents. The appeal was partly allowed for statistical purposes, remanding the matter for further examination consistent with the directions. en-us Mon, 18 Aug 2025 08:39:26 +0530 Mon, 18 Aug 2025 08:39:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91640 The ITAT held that the comparable company selected by the TPO for transfer pricing adjustment did not match the functional profile of the assessee and thus must be excluded from the comparable set. Regarding other comparables, the tribunal directed the AO/TPO to reconsider their inclusion afresh, applying appropriate filters and providing the assessee a reasonable opportunity to be heard and submit supporting documents. The appeal was partly allowed for statistical purposes, remanding the matter for further examination consistent with the directions. Highlights Income Tax Mon, 18 Aug 2025 08:39:26 +0530 https://www.taxtmi.com/highlights?id=91640