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2016 (5) TMI 1541 - ITAT HYDERABADTP Adjustment - selection of certain comparables - functionality dissimilarity - HELD THAT:- Assessee is engaged in global financial services in the investment advisory activities, broker dealer activities and computer based quantitative management. The assessee provides software development services to its AE. Therefore, the assessee is purely a captive service provider. The assessee has been recognised as 100% EOU registered under the Software Technology Park of India (STPI) Scheme, thus companies functionally dissimilar with that of assessee need to be deselected.
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