2021 (9) TMI 1545

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....ishna (CIT-D.R.). ORDER PER SHRI S.S. GODARA, J.M. : This assessee's appeal for Asst. Year 2014-15 arises against the DCIT, Circle 3(1), Hyderabad's assessment dt. 30.10.2018 framed in furtherance to the Dispute Resolution Panel (DRP)-I, Bangaluru's direction dt. 5.9.2018 in F. No. 24/DRP-1/BNG/2081-19 in proceedings u/s. 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961 ('the Act').....

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.... the assessee has not controverted the factual findings of the TPO. Therefore we upheld the selection of this comparable. 3.1.2 Cera Sanitary Ware Limited; and > Functionally not comparable. > Segments financials not available. > Engaged in R & D activities. 3.1.2.1 Having considered the submissions, we note that the TPO has given detailed reasons for considering this company as fun....