Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
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Functional comparability is essential in transfer pricing analysis, and a government-owned enterprise with broader consultancy and project execution functions cannot be compared with a captive technical support provider. HSCC India Ltd. was excluded because it rendered comprehensive health-sector consultancy, served government ministries and agencies, and enjoyed advantages flowing from its governmental character; the absence of a subsidy did not make it comparable. Mitcon Consultancy and Engineering Services Ltd. was also excluded because it had diversified operations across multiple sectors and lacked reliable segmental revenue data in its signed accounts, making a valid comparison impossible. The assessee's appeal was allowed and the transfer pricing exercise was to proceed after excluding both entities.
Functional comparability is essential in transfer pricing analysis, and a government-owned enterprise with broader consultancy and project execution functions cannot be compared with a captive technical support provider. HSCC India Ltd. was excluded because it rendered comprehensive health-sector consultancy, served government ministries and agencies, and enjoyed advantages flowing from its governmental character; the absence of a subsidy did not make it comparable. Mitcon Consultancy and Engineering Services Ltd. was also excluded because it had diversified operations across multiple sectors and lacked reliable segmental revenue data in its signed accounts, making a valid comparison impossible. The assessee's appeal was allowed and the transfer pricing exercise was to proceed after excluding both entities.
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