9911796707
TMI Blog2015 (1) TMI 1226X X X X Extracts X X X X X X X X Extracts X X X X ..... Member) This appeal is filed by the assessee against the order of passed u/s.143(3) r.w.s.144C, for the assessment year 2009-10. 2. The grievance of the assessee relates to computation of the arm's length price of the International Transaction in respect of a provision of Investment Advisory Services. 3. We have considered rival contentions and found that adjustment has been made by the AO/TPO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under consideration, the said company has completed 23 assignments successfully as against 14 completed in the immediately preceding year. A close look at the financial statements of the said company show that the income from operations have been shown only as advisory fees whereas it is admittedly an undisputed facts that the said company is engaged in diversified activities. Segmental reporting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 4-7-2014). 5. In view of the above, respectfully following the various orders of the Tribunal, as placed on record, wherein consistently Motilal Oswal Investment Advisors Pvt. Ltd has been excluded from comparables on the plea that it was engaged in diversified activities, we direct the AO to exclude M/s Motilal Oswal Investment Advisors Pvt. Ltd from the comparables and to recompute the adjus ..... X X X X Extracts X X X X X X X X Extracts X X X X
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