https://www.taxtmi.com/caselaws?id=295324 The Tribunal allowed the appeal regarding the three comparables in the assessment order for A.Y. 2008-09. Motilal Oswal Private Equity Advisors Pvt. Ltd. was excluded as it had different activities and risks compared to the Assessee's investment advisory services. IDC (India) Limited was included as a comparable due to similar functional profiles based on precedent. ICRA Online Ltd. was also included as a comparable despite the Department's objections, as it was primarily engaged in investment advisory services. The Tribunal emphasized the significance of analyzing functional profiles for comparability in assessments. en-us Wed, 26 Sep 2018 00:00:00 +0530 Tue, 20 Dec 2022 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295324 The Tribunal allowed the appeal regarding the three comparables in the assessment order for A.Y. 2008-09. Motilal Oswal Private Equity Advisors Pvt. Ltd. was excluded as it had different activities and risks compared to the Assessee's investment advisory services. IDC (India) Limited was included as a comparable due to similar functional profiles based on precedent. ICRA Online Ltd. was also included as a comparable despite the Department's objections, as it was primarily engaged in investment advisory services. The Tribunal emphasized the significance of analyzing functional profiles for comparability in assessments. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295324