Dismissing the appeal of the Revenue the Court held that the Department had not demonstrated that the analysis done by the Tribunal and Dispute Resolution Panel while excluding the companies suggested by the Department from the list of comparables was in any manner contrary to the settled position in law. Order of Tribunal is affirmed. (AY.2011-12)
PCIT v. Macquarie Global Services Pvt. Ltd. (2022)449 ITR 306 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-Selection of comparables-Functional dissimilarities and non-availability of segmental data-Finding of fact. [S. 92CA, 260A]