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2017 (12) TMI 799 - AT - Income TaxTPA - comparable selection - Held that:- The assessee is an entity which was part of Lehman Brothers group and had offered financing and advisory salutations to its clients in India in the field of Investment Banking Division. It is claimed that the Investment Banking Division (IBD) serve Corporate, Institutional and Government clients. It claimed to serve the clients capital-raising needs through specialized product groups in underwriting, private placements, leveraged finance and other activities associated with debt and equity products, thus companies functionally dissimilar with that of assessee need to deselected from final list.
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