Income Tax : Principles of Selecting Comparables under Income-tax Act, 1961
In case of Goldman Sachs India Securities Pvt Ltd v. Assessment Unit [2025] GCtR 1486 (ITAT, Mumbai), it was held that "for the purpose of proper comparability, it is relevant that both the tested party and the comparable should have similar financial year endings for proper analysis of the functions performed, assets employed and risks assumed."
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