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2016 (5) TMI 1333 - AT - Income TaxTPA - selection of comparables by the TPO - Held that:- Companies with dissimilar functional profile with that of assessee as engaged in providing information technology enables network management and other back office support services to its group companies. It also undertakes software development services for developing software applications, which are used within the Group companies. The IT enabled network management and other back office support services performed by assessee, primarily include remote monitoring and maintenance of Equant global network platforms and services, coordination, remote configuration, and implementation of quality customer networking solutions. Further under the category of software development services assessee is engaged in the providing routine contract software development services relating to the development and maintenance of application companies like HR and accounting need to be deleted as comparable.
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