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2018 (1) TMI 1413 - AT - Income TaxTPA - Comparable selection - functinal similarity - Held that:- Assessee-company,engaged in the business of providing Information Technology Enabled Services (ITES), thus companies functionally dissimilar with that of assessee need to be deselected from final list. We find that the AR has fairly conceded adjustment @9% (approx.) of AE transaction which would not be objected to by the assessee. AO is directed to work out exact adjustment. Effective ground of appeal is allowed in favour of the assessee,in part.
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