https://www.taxtmi.com/caselaws?id=293208 For transfer pricing comparability, entities must be functionally similar in service profile and economic character; companies engaged in higher-end, integrated or KPO-type services cannot be compared with a routine BPO provider. On that basis, Accentia Technologies Ltd. and ICRA Online Ltd. were excluded as comparables, while E4E Healthcare Business Services Pvt. Ltd., Cosmic Global Ltd., Informed Technologies India Ltd. and Microgenetic Systems Ltd. were accepted as comparables. The issues concerning working capital adjustment and foreign exchange fluctuation were remanded to the transfer pricing authority for fresh examination because the record was insufficient for final adjudication. en-us Fri, 06 Sep 2019 00:00:00 +0530 Fri, 29 Jan 2021 19:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293208 For transfer pricing comparability, entities must be functionally similar in service profile and economic character; companies engaged in higher-end, integrated or KPO-type services cannot be compared with a routine BPO provider. On that basis, Accentia Technologies Ltd. and ICRA Online Ltd. were excluded as comparables, while E4E Healthcare Business Services Pvt. Ltd., Cosmic Global Ltd., Informed Technologies India Ltd. and Microgenetic Systems Ltd. were accepted as comparables. The issues concerning working capital adjustment and foreign exchange fluctuation were remanded to the transfer pricing authority for fresh examination because the record was insufficient for final adjudication. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293208