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2018 (11) TMI 1731 - AT - Income TaxTP Adjustment - Comparable selection - HELD THAT:- Assessee is a company incorporated in India and is a subsidiary of Carlyle Asia Investment Advisors Limited (Carlyle Hong Kong) and is engaged in rendering non-binding investment advisory services to Carlyle Hong Kong. The assessee has rendered non-binding investment advisory services to its AE. The services offered are in the nature of identifying potential investment opportunities in India for the Group. The economic analysis of the transaction is discussed in the TP Report, thus companies functionally dissimilar with that of assessee need to be deselected from final list.
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