2018 (11) TMI 1342

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..... assessee by the decisions of this Court in CIT Vs. Carlyle India Advisors (P) Ltd. [2013 (4) TMI 486 - BOMBAY HIGH COURT] and CIT Vs. General Atlantic (P) Ltd. [2016 (3) TMI 736 - BOMBAY HIGH COURT] Assessee is engaged in providing investment research and advisory services to Bains Capital a Mauritius based Pvt. Ltd. Company. In the above facts, its activity is not comparable to the activity of .....

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..... , 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). This appeal relates to Assessment Year 2010-11. 2. The Revenue has urged the following reframed question of law for our consideration : (i) Whether on the facts and circumstances of the case and in law, the Tribunal was justified in holding that Motilal Oswal Investment Advisors Pvt. Ltd. and M/s. IDFC Ltd. not comparables f .....

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..... pondent so as to use them as comparables to determine the Arms Length Price of the respondent's transactions with its related party i.e. Bains Capital (Mauritius). 4. Mr. Suresh Kumar, learned Counsel appearing for the Revenue fairly states that the issue arising herein stands concluded against the Revenue and in favour of the respondent assessee by the decisions of this Court in CIT Vs. .....

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