https://www.taxtmi.com/caselaws?id=380335 The High Court condoned the delay in re-filing the appeal and upheld the exclusion of a company (GICL) from the list of comparables for transfer pricing. The court agreed that GICL was not functionally similar to the Assessee, a subsidiary of EXL Service Holdings providing IT-enabled services. The ITAT's decision to exclude GICL was supported by the differences in operations and risk-taking between the companies. The High Court found no substantial legal question for intervention and dismissed the appeal, affirming the exclusion of GICL based on functional dissimilarities and risk-taking variations. en-us Fri, 10 May 2019 00:00:00 +0530 Sat, 18 May 2019 06:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380335 The High Court condoned the delay in re-filing the appeal and upheld the exclusion of a company (GICL) from the list of comparables for transfer pricing. The court agreed that GICL was not functionally similar to the Assessee, a subsidiary of EXL Service Holdings providing IT-enabled services. The ITAT's decision to exclude GICL was supported by the differences in operations and risk-taking between the companies. The High Court found no substantial legal question for intervention and dismissed the appeal, affirming the exclusion of GICL based on functional dissimilarities and risk-taking variations. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380335