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    <title>2020 (7) TMI 816 - ITAT MUMBAI  </title>
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    <description>The Tribunal allowed the appeal filed by the assessee, holding that the lower authorities were incorrect in re-characterising the assessee as a KPO. The Tribunal directed the inclusion of Almondz, Crisil, and ICRA, and the exclusion of Excel Infoways Ltd. from the comparables. The issue related to economic analysis became academic and was not adjudicated. The appeal was allowed in favor of the assessee.</description>
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      <description>The Tribunal allowed the appeal filed by the assessee, holding that the lower authorities were incorrect in re-characterising the assessee as a KPO. The Tribunal directed the inclusion of Almondz, Crisil, and ICRA, and the exclusion of Excel Infoways Ltd. from the comparables. The issue related to economic analysis became academic and was not adjudicated. The appeal was allowed in favor of the assessee.</description>
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