https://www.taxtmi.com/caselaws?id=777340 HC upheld the appellate authority's rejection of two comparables used in a TP study, agreeing that segment financials cannot be used to bypass the selection filter. The HC noted that where authentic segment financials exist they may determine ALP, but here the issue was the filter applied by CIT(A): entities whose comparable segment revenue was under 75% of total revenue could not be treated as comparables merely by examining segment accounts. The HC found no infirmity and no substantial question of law. en-us Wed, 20 Aug 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777340 HC upheld the appellate authority's rejection of two comparables used in a TP study, agreeing that segment financials cannot be used to bypass the selection filter. The HC noted that where authentic segment financials exist they may determine ALP, but here the issue was the filter applied by CIT(A): entities whose comparable segment revenue was under 75% of total revenue could not be treated as comparables merely by examining segment accounts. The HC found no infirmity and no substantial question of law. Case-Laws Income Tax Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777340