The tribunal held that while determining arm’s length price functionally dissimilar companies cannot be taken as comparable. (AY. 2010-11).
Intercontinental Hotels Group (India) Pvt. Ltd. v Dy.CIT (2021) 87 ITR 573 (Delhi)(Trib.)
S. 92C : Transfer pricing-Arms’ length price-Functionally dissimilar companies cannot be taken as comparable.