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2017 (1) TMI 1628 - AT - Income TaxTPA - inclusion and exclusion of certain comparables - Held that:- Assessee-company engaged in providing non-binding investment advisory services to its Associated Enterprise(AE) We find force in the preliminary submission of the AR that if ICRA and IDCL are accepted as comparables and if MOIAPL and NBAL are excluded from the final list the margin earned by the assessee would be within the limit of +/-5% range. The assessee has shown margin of 20. 56% for the services rendered by it to its AE. As it falls within the range of +/-5% so in our opinion the adjustment made by the AO to determine the ALP of the IT. s. entered into by the assessee during the year under consideration has to be. As a result appeal filed by the assessee is allowed and appeal of the AO stands dismissed.
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