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2016 (7) TMI 1481 - AT - Income TaxTPA - comparable selection - functional dissimilarity - Held that:- The assessee is engaged in providing software services to Barclays Group worldwide. The assessee company has been set up as an offshore technology centre in India. The software services provided by the assessee include development, maintenance and enhancement of software for new technologies and platforms and up-gradation, modification of existing software applications and systems. The software services rendered by assessee are to support internal software related requirements for the Barclays Group and not for sale to third party, thus companies functional dissimilarity with that of assessee need to be deselected from final list.
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