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2019 (12) TMI 1041 - AT - Income TaxTP Adjustment - selecting Future Capital Holding as comparable - Whether TPO has wrongly applied OP margin as 37.68% as against actual OP margin of 15.21% - assessee has also filed calculation giving details of computation of OP margin in the case of Future Capital Investment segment - HELD THAT:- We are of considered view that there appears to be a clerical error in calculation of OP margins. This issue is restored to the file of Assessing Officer/TPO for recomputation of OP margin in respect of Future Capital/investment segment. The TPO/Assessing Officer, after recomputing O.P margin shall apply corrected margins, in accordance with law. The ground No.1 of the cross objections is allowed for statistical purposes. Selection of Kshitij Investment Advisory Co. Ltd as comparable - HELD THAT:- The assessee company is justified in asserting that Kshitij Investment Advisory Co. Ltd. deserves to be excluded from the final set of comparables on account of peculiar economic circumstances during the year under consideration
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