https://www.taxtmi.com/caselaws?id=778401 ITAT, Hyderabad allowed the assessee's objection to exclude a listed comparable on functional non-comparability and remanded its inclusion decision to the tax officer. Companies with turnover exceeding ten times the assessee were excluded (three specified comparables) and the TPO was directed to apply the 10x turnover filter uniformly to remaining comparables. Two comparables were excluded for lack of segmental data and one for high profit margin; another was held functionally comparable and retained. One comparable was remitted to the TPO to verify audited Indian segmental data afresh. The TPO was directed to verify margin computation as per the DRP and to assess and allow working capital adjustment after hearing the assessee. en-us Fri, 08 Aug 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778401 ITAT, Hyderabad allowed the assessee's objection to exclude a listed comparable on functional non-comparability and remanded its inclusion decision to the tax officer. Companies with turnover exceeding ten times the assessee were excluded (three specified comparables) and the TPO was directed to apply the 10x turnover filter uniformly to remaining comparables. Two comparables were excluded for lack of segmental data and one for high profit margin; another was held functionally comparable and retained. One comparable was remitted to the TPO to verify audited Indian segmental data afresh. The TPO was directed to verify margin computation as per the DRP and to assess and allow working capital adjustment after hearing the assessee. Case-Laws Income Tax Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778401