No Exclusion of comparable if Data available on Records can be reasonably Extrapolated: ITAT [Read Order]

Comparable cannot be excluded if from available data on record results for financial year can reasonably be extrapolated, rules, ITAT
By Aiswarya Krishnadas - On March 1, 2024 6:32 pm - 2 mins read
No Exclusion - comparable - Data - Records - Extrapolated - ITAT- taxscan

In a recent ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no exclusion of comparable if data available on records can be Reasonably Extrapolated This appeal by the assessee was directed against the assessment order dated 08/06/2022 passed u/s. 143(3) r.w.s. 144C (13) of the Income Tax Act,…

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