2019 (7) TMI 1965

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...., which has been termed as HRCM (Health Receivables Cycle Management) , wherein medical transcription services forms the foremost segmen t and is an integral part o f the entire gamut o f services provided . 2. That Ld . CIT(A) has erred in law and on facts in accepting the additional evidence u/r 46A o f the Income Tax Rules, 1962 withou t providing opportunity to the AO/TPO. 3. The appellant craves, leave for reserving the right to amend , modi fy, alter , add or forego any grounds o f appeal at any time before or during the hearing o f appeal ." 2. Brief facts of the case are that the assessee is a provider of outsourced medical transcription services. It has developed a business model that delivers a significant quality and cost....

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....is not available the overall result declared by the company cannot per se be applied for the purpose of taking comparison. 4. Aggrieved with the order of the ld. CIT(A) excluding the company Accentia Technologies Ltd. as comparable, the Revenue filed on appeal. 5. During the hearing before us, the ld. DR has argued that the segmental data is not necessary for comparison and since the business of the assessee and comparable is and the similar lines off medical transcription the same should not have been excluded from the study. He further argued that from the description of the services in the annual report, it is seen that the other services provided by the company is also related with the healthcare segment which has been termed as Healt....

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....chnologies, USA and increased the customer base from US. The company Oak Technologies, was also found to be offering medical coding and billing services having global network across US, India and Philippines. Further, the company Accentia Technologies Ltd. has consolidated the operations of a company, namely, Denmat Inc. which was involved in medical transcription technology. Regarding the financials, the comparable in question had total turnover of Rs.236 crores out of which the medical transcription amounts to Rs.143 crores, billing & collection Rs.56.74 crores and coding Rs.32.15 crores whereas the turnover of the assessee company is 28 crores only. Regarding the business model, while the assessee company is in HMT model, the comparable ....