Friday, 31 October 2014

Co. providing investment advisory service in not functionally comparable with Co. engaged in merchan

IT/ILT : Where TPO made addition to assessee's ALP in respect of rendering investment advisory services to its AE on basis of TNMM by adopting one 'M' as comparable, in view of fact that 'M' was engaged in business of merchant banking and, thus, it being a case of functional difference, impugned addition was to be set aside


No comments:

Post a Comment