https://www.taxtmi.com/caselaws?id=468806 A purchase price adjustment linked to a contractual retroactive price correction had to be reduced from operating cost, not treated as operating revenue, because it reflected the economic substance of the distribution arrangement; the assessee's margin was accordingly accepted. Comparables falling below the turnover filter already applied by the Transfer Pricing Officer could not be selectively retained, so the two such comparables were excluded. Where related party transaction data needed verification from the companies' financial statements rather than database figures, the matter was restored to the Transfer Pricing Officer for fresh examination after giving the assessee an opportunity to respond. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 21 May 2026 18:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468806 A purchase price adjustment linked to a contractual retroactive price correction had to be reduced from operating cost, not treated as operating revenue, because it reflected the economic substance of the distribution arrangement; the assessee's margin was accordingly accepted. Comparables falling below the turnover filter already applied by the Transfer Pricing Officer could not be selectively retained, so the two such comparables were excluded. Where related party transaction data needed verification from the companies' financial statements rather than database figures, the matter was restored to the Transfer Pricing Officer for fresh examination after giving the assessee an opportunity to respond. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468806