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2016 (2) TMI 115 - AT - Income TaxTransfer pricing adjustment - excluding Asian Business Exhibition and Conferences Limited as comparable by DRP - Held that:- The business model of the assessee and Asian Business Exhibition and Conferences Limited are totally different. While assessee undoubtedly is providing support services to its overseas AE’s, Asian Business Exhibition and Conferences Limited is primarily and fundamentally engaged in event management. Thus, under no circumstances it can be considered as a comparable to the assessee. Therefore, for the aforestated reasons the DRP, in our view, was justified in excluding this company as a comparable. - Decided against revenue
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