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2017 (9) TMI 569 - AT - Income TaxTPA u/s 92CA - software development services - selection of appropriate comparable - selection criteria - Held:- Assessee company is engaged in the business of providing software development services to its AE thus companies functionally dissimilar with that of assessee need to be deselected from final list of comparables. We deem it fit and proper to remand the issue to the file of the TPO for further verification for few comparables and for rest order for exclusion from list of comparable as found not functionally comparable to assessee - Appeal of assessee is partly allowed.
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