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2016 (6) TMI 1255 - AT - Income TaxAddition on the basis of the Transfer Pricing Officer’s order u/s 92CA(3) - criteria for comparable selection - Held that:- Assessee is primarily engaged in the business of providing middle and back office service, fund administration for age fund, etc. Assessee also provides independent service essential to the launch and operation of private investment entities with activities ranging across and wide spectrum of traded instruments, thus functionally dissimilar companies with that of assessee need to be deselected from final list of comparable.
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