2018 (4) TMI 573

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....ndonation of delay) For the reasons mentioned in the application, the delay in refiling the appeal is condoned. Application stands allowed subject to all just exceptions. ITA 48/2018 1. The Revenue is aggrieved by the inclusion of three comparables which the Transfer Pricing Officer ("TPO") and the Assessing Officer ("AO") had excluded in the Arms Length Price determination carried out by th....

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....ionale was that the Span Diagnostic mainly manufactures diagnostic regents, elissa kits for AIDS; Hicks Thermometers also manufacturing elissa kits, thermometers and Centenial Surgical was manufacturing surgical suture. The CIT (A) was of the opinion that the exclusion of these three comparables was not justified as all the companies including the assessee were involved in manufacturing and sell o....