Transfer Pricing Adjustment Overturned Due to Improper Comparable Selection

FIL India Business & Research Services Pvt. Ltd. Vs Assessment Unit (ITAT Delhi) TP Comparable Fails Its Own Turnover Filter: ITAT Delhi Orders Fresh ALP Re-Work & Deletes PF Disallowance FIL India Business & Research Services Pvt Ltd, engaged in software development, IT-enabled services & research support services, filed appeal against the final assessment order u/s 143(3) r.w.s. 144C(13). The DRP had upheld major Transfer Pricing adjustments & certain corporate tax additions. Transfer Pricing – Comparable Rejected The key issue was a TP adjustment of ₹14.56 crore in t...