ITAT Delhi rejects Assessing Officer’s approach of cherry picking the comparables and proposing an arbitrary Transfer Pricing adjustment

Court : Delhi bench of the Income-tax Appellate Tribunal

Citation :ACIT Vs M/s Toshiba India Private Limited (2010-TII-14-ITAT-DEL-TP)

Brief :Recently, the Delhi bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of ACIT Vs M/s Toshiba India Private Limited (2010-TII-14-ITAT-DEL-TP) has rejected the Assessing Officer’s approach of cherry picking the com parables and proposing an arbitrary Transfer Pricing adjustment.

Facts of t

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