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2018 (1) TMI 931 - ITAT MUMBAI
TPA - comparable selection criteria - Held that:- We find that the assessee is engaged in the business of providing non binding advisory services, that it has used TNMM to determine the ALP of the IT's, entered into by it with its AE. s., that PLI shown by it was OP/OC, that profit margin of the IT. s. for the year under consideration, on the basis of data of three AY's, was 15. 03%, thus companies functionally dissimilar with that of assessee need to be deselected from final list.