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2019 (9) TMI 1693 - AT - Income TaxTP Adjustment - Comparable selection - turnover filter - HELD THAT:- In the case of Genisys Integrating Systems (India) P Ltd [2011 (8) TMI 952 - ITAT BANGALORE] has relied upon the opinion expressed by Dun and Bradstreet that the grouping of companies having turnover of Rs.1.00 crore to Rs.200 crores as comparable with each other was held to be proper. Since certain decisions were rendered divergent views expressed by various benches in the case of Autodesk India (P) Ltd (2018 (7) TMI 1862 - ITAT BANGALORE] and expressed the view that the CIT(A) was right on the issue of application of turnover filter by following the ratio laid down in the case of Genisys Integrating Systems (India) P Ltd (2018 (7) TMI 1862 - ITAT BANGALORE] In the instant case, the assessee seeks exclusion of above said five companies by applying turnover filter as per the ratio laid down in the case of Genisys Integrating Systems (India) P Ltd (supra). Appeal of the assessee is treated as allowed.
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