ITAT Delhi Excludes TPO Comparables for Functional Dissimilarity

Advertisement Inter Continental Hotels Group (India) Private Limited Vs ACIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, decided an appeal filed by the assessee against the final assessment order passed under Sections 143(3) read with 144C(13) of the Income-tax Act for Assessment Year 2018-19. The assessee was engaged in providing hotel management services to third-party-owned hotels in India, along with marketing support services and low-end IT-enabled accounting services to its associated enterprises. The Transfer Pricing Officer (TPO) proposed transfer pricing adjustmen...