https://www.taxtmi.com/caselaws?id=191592 The Tribunal partially allowed the appeal, directing the exclusion of certain companies as comparables for determining the arm's length price of international transactions. Motilal Oswal Investment Advisors Pvt Ltd and IDFC Investment Advisors Limited were found functionally dissimilar and were excluded. The issue regarding ICRA was remanded back to the AO for further examination. The Tribunal dismissed the use of multiple year data for comparables as unnecessary, as excluding the three comparables would result in accepting the appellant's arm's length price without change. en-us Thu, 31 Dec 2015 00:00:00 +0530 Sat, 08 Apr 2017 09:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191592 The Tribunal partially allowed the appeal, directing the exclusion of certain companies as comparables for determining the arm's length price of international transactions. Motilal Oswal Investment Advisors Pvt Ltd and IDFC Investment Advisors Limited were found functionally dissimilar and were excluded. The issue regarding ICRA was remanded back to the AO for further examination. The Tribunal dismissed the use of multiple year data for comparables as unnecessary, as excluding the three comparables would result in accepting the appellant's arm's length price without change. Case-Laws Income Tax Thu, 31 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191592