Dismissing the appeal of the revenue the High Court held that the Tribunal is justified in holding that company having high brand value cannot be selected as comparable.(AY. 2011-12)
PCIT v. Cadence Design Systems (I) (P.) Ltd. (2020) 119 taxmann.com 415 (Delhi) (HC) Editorial : SLP of revenue is dismissed, PCIT v. Cadence Design Systems (I) (P) Ltd. (2020) 274 Taxman 279 (SC)
S. 92C : Transfer pricing-Arm’s length price-Comparable-company having high brand value cannot be selected as comparable.