https://www.taxtmi.com/caselaws?id=470636 Assessment made pursuant to a revision order lacks legal foundation once that revision order is set aside, leaving the original regular assessment operative. Transfer-pricing comparability may validly use turnover as a filter where enterprise size materially affects comparability; the appropriate turnover range depends on the tested party's turnover and the availability of functionally comparable companies. Packaging businesses serving pharmaceutical or cement industries are not comparable with aseptic food-and-drink packaging operations, while segmental packaging/plastics data may support inclusion of a diversified company. Working capital adjustment is necessary for reliable operating-margin comparison and requires verification and recomputation of relevant data. en-us Fri, 24 May 2019 00:00:00 +0530 Mon, 03 Aug 2026 10:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470636 Assessment made pursuant to a revision order lacks legal foundation once that revision order is set aside, leaving the original regular assessment operative. Transfer-pricing comparability may validly use turnover as a filter where enterprise size materially affects comparability; the appropriate turnover range depends on the tested party's turnover and the availability of functionally comparable companies. Packaging businesses serving pharmaceutical or cement industries are not comparable with aseptic food-and-drink packaging operations, while segmental packaging/plastics data may support inclusion of a diversified company. Working capital adjustment is necessary for reliable operating-margin comparison and requires verification and recomputation of relevant data. Case-Laws Income Tax Fri, 24 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470636