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2017 (11) TMI 716 - AT - Income TaxTPA - selection of comparable - Held that:- Exercise of selection of comparables has to be done specifically keeping in mind the special nature of assessee’s business in developing gaming software. The AO is directed to keep the detailed orders of the Coordinate Bench in AYs. 2008-09 & 2010-11 and can reexamine the issue of TP adjustment afresh after giving due opportunity to assessee. For these reasons, the issues on merits are considered allowed and the order of the TPO/AO with reference to TP adjustment is set aside with a direction to re-do it afresh as directed above.
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