Dismissing the appeal of Revenue the Court held that the Tribunal had given cogent reasons for excluding the four companies as comparables on grounds of dissimilarities to determine the arm’s length price of the assessee. The reasoning was factual and disclosed the functional and other reasons to elucidate dissimilarities between those four entities and the assessee. No substantial question of law. (AY. 2012-13)
PCIT v. Evalueserve.Com Pvt. Ltd. (2022) 444 ITR 674 // 146 taxmann.com 579 /2023) 331 CTR 218 / 223 DTR 138 (Delhi)(HC), Editorial: Order of High Court is affirmed , PCIT v. Evalueserve.Com Pvt. Ltd. (2023)453 ITR 8/ 292 Taxman 155/ 331 CTR 217/ 223 DTR 137 (SC)
S. 92C : Transfer pricing-Arm’s length price-Exclusion of comparables-Order of Tribunal affirmed. [S. 260A]