https://www.taxtmi.com/caselaws?id=463963 ITAT BANGALORE held that the TPO erred by not applying an upper turnover filter when selecting comparables; companies with turnover above Rs.200 crore must be excluded. The TPO's computation of operating margins is erroneous and must be recalculated on the reduced set of comparables. Relying on Tribunal precedent, the bench found that working-capital adjustment should be allowed because without suitable comparables the transfer-pricing exercise would fail; efforts must be made to identify broad comparables for comparison. en-us Mon, 10 Jul 2023 00:00:00 +0530 Tue, 23 Sep 2025 17:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463963 ITAT BANGALORE held that the TPO erred by not applying an upper turnover filter when selecting comparables; companies with turnover above Rs.200 crore must be excluded. The TPO's computation of operating margins is erroneous and must be recalculated on the reduced set of comparables. Relying on Tribunal precedent, the bench found that working-capital adjustment should be allowed because without suitable comparables the transfer-pricing exercise would fail; efforts must be made to identify broad comparables for comparison. Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463963