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2019 (1) TMI 636 - AT - Income TaxTPA - comparable selection - functinal similarity - Held that:- Assessee was engaged in the business of distribution of subscription rights of satellite channels of Cartoon Network, WB, CNN, POGO and HBO. The assessee was also engaged in the business of imports, promotion marketing, distribution and provision of sub-distribution rights to cable and broadcast entities, thus companies functionally dissimilar with that of assessee need to be deselected from final list. Direct the AO to allow the benefit of the working capital adjustment to the assessee while working out the arm’s length price.
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