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2018 (4) TMI 1631 - ITAT DELHI
TPA - Comparable selection - Held that:- Assessee as been engaged in providing low end business support services, thus companies functionally dissimilar with that of assessee need to be deselected from final list.
We, therefore find the four companies disputed by the assessee, namely, Engineers India Ltd, RITES limited, TCE Consulting Engineering Ltd and Water And Power Consulting Services Ltd are not good comparables to the assessee to benchmark the international transaction. Ld. AO/TPO will exclude the same from the final list of comparables. Appeal of the assessee is allowed for statistical purpose.