https://www.taxtmi.com/caselaws?id=192889 The Tribunal held that the activities of the assessee were part of investment advisory services and not separate portfolio management services. It found errors in the calculation of the performance fee and recommended using the Transactional Net Margin Method for benchmarking additional functions. The Tribunal directed the inclusion of specific comparable companies and exclusion of others, resulting in a revised average margin. It concluded that the upward adjustment made by the Assessing Officer was unfounded and ordered its removal, ultimately allowing the appeal of the assessee. en-us Fri, 16 Sep 2016 00:00:00 +0530 Thu, 29 Jun 2017 12:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192889 The Tribunal held that the activities of the assessee were part of investment advisory services and not separate portfolio management services. It found errors in the calculation of the performance fee and recommended using the Transactional Net Margin Method for benchmarking additional functions. The Tribunal directed the inclusion of specific comparable companies and exclusion of others, resulting in a revised average margin. It concluded that the upward adjustment made by the Assessing Officer was unfounded and ordered its removal, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192889