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2015 (10) TMI 2425 - AT - Income TaxTransfer pricing adjustment - selection of comparable - Held that:- Following the decision of the Mumbai Bench of the ITAT in the case of Tevapharma Pvt. Ltd. (2011 (12) TMI 284 - ITAT MUMBAI) and of the co-ordinate benches of this Tribunal in the case of Millipore India Pvt. Ltd. (2014 (10) TMI 505 - ITAT BANGALORE), Apotex Research Pvt. Ltd. (2012 (11) TMI 1094 - ITAT BANGALORE) and the assessee’s own case for Assessment Year 2007-08 we direct the Assessing Officer / TPO to exclude this company i.e. Oil Field Instrumentation India Ltd. and Celestial Biolabs Ltd. from the list of comparable to the assessee in the case on hand.
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