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2015 (4) TMI 1172 - AT - Income TaxTPA - ALP determination - selection of comparable - Held that:- Assessee is into providing Digitizing services and data conversion/creation services. Both the services fall under the ambit of IT enable service, thus companies functionally dissimilar with that of assessee need to be deselected from final list of comparable. As there is large variation in the operation revenue, operating cost and operating profit of M/s. Bodhtree Consulting Ltd. between different financial years. In view of the above discussion, we are of the considered opinion that M/s. Bodhtree Consulting Ltd. was rightly excluded by the CIT(A) from the list of comparables.
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