2017 (9) TMI 1295 - DELHI HIGH COURT

TPA - selection of comparable - Held that:- Assessee company’s activities are that of a fee based investment/financial advisory service provider. Unlike merchant bankers who are involved in active financing transactions, the Assessee is only advising on financial issues, thus companies functionally different with that of assessee need to be deselected from final list of comparable with that of assessee.