2019 (10) TMI 1509 - SCH - Income Tax

TP Adjustment - comparable selection - inclusion or exclusion of certain comparables by the Tribunal while carrying out FAR in case of the Assessee - HC held Tribunal correctly discarded two entities namely Motilal Oswal Investment Advisory Pvt. Ltd. and Brescon Corporate Advisors Pvt. Ltd. on the ground that these companies were merchant bankers or investment bankers and cannot be compared with the Assessee who was investment subadvisor and comparison with ICRA Investment issue is covered against the Revenue - HELD THAT - SLP dismissed.