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2016 (8) TMI 1238 - AT - Income TaxTPA - selection of comparable - Held that:- The assessee company is a company incorporated in Switzerland. It is one of the group companies of Altria Group USA which is engaged in the business of manufacturing and trading cigarettes and other tobacco product internationally. The assessee is into trading of Malbaro brand of cigarettes and tobaccos in India and is operating in India through a branch. The Indian branch is engaged in trading of cigarettes/tobacco leaves and is providing representation and logistics / marketing support services to / on behalf of the group entities, thus companies functionally dissimilar with that of assessee need to deselected from final list of comparable.
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