Comparables cannot be rejected simply because they are loss or high profit making comparables

ITAT DELHI BENCH ‘A’ American Express Services India Ltd. versus Deputy Commissioner of Income-tax, Circle 1(1), New Delhi IT Appeal NO. 5585 (Delhi) OF 2011 [ASSESSMENT YEAR 2007-08] AUGUST 24, 2012 ORDER S.V. Mehrotra, Accountant Member This appeal filed by the assessee is directed against the order of AO dated 10/10/2011 for AY 2007-08 passed in terms of directions of Dispute Resolution Panel (DRP) u/s 144C(5) dated 02/08/2010. 2. The assessee company was incorporated in the year 1999 as a joint venture between American Express International Inc. and Tata Grou...