{"id":16660,"date":"2021-04-14T11:36:00","date_gmt":"2021-04-14T06:06:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/khazanah-india-advisors-pvt-ltd-v-dy-cit-2020-184-itd-890-mum-trib\/"},"modified":"2021-04-14T11:36:00","modified_gmt":"2021-04-14T06:06:00","slug":"khazanah-india-advisors-pvt-ltd-v-dy-cit-2020-184-itd-890-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/khazanah-india-advisors-pvt-ltd-v-dy-cit-2020-184-itd-890-mum-trib\/","title":{"rendered":"Khazanah India Advisors Pvt. Ltd. v. Dy. CIT (2020) 184 ITD 890 (Mum.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that one of the comparable\u00a0company,\u00a0Motilal Oswal Investment Advisories Pvt. Ltd.,\u00a0was engaged in the business of investment banking, merchant banking, merger and acquisition, private equity, syndication, etc. The assessee had\u00a0only one segment of providing non-binding investment advisory services to the AE. Looking at the functional profile of\u00a0that\u00a0company,\u00a0it was\u00a0held that company cannot be a comparable to a non-binding investment advisory service provider. Accordingly \u00a0the AO\u00a0was directed to determine the arm&#8217;s length price of the international transaction with the AEs\u00a0based on remaining comparables. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparable-company engaged in the business of investment banking, merchant banking, merger and acquisition, private equity, syndication, etc. cannot be compared to non-binding investment advisory service provider.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-16660","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4kI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=16660"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16660\/revisions"}],"predecessor-version":[{"id":16661,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16660\/revisions\/16661"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}