Parties in Transfer Pricing cases can take a stand contrary to their TP study

Nvidia Graphics Private Limited Vs ACIT (ITAT Bangalore) In this case Assessee seeks exclusion of three comparable companies viz., Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., and Tech Mahindra Limited. The Learned counsel sought exclusion of the aforesaid 3 comparable companies from the list of comparable companies chosen by the TPO. In this regard he relied on decision of the ITAT Bangalore Bench in the case of M/S.Metricstream Infotech (India) Ltd., Vs. DCIT IT(TP) A.No.1418 & 2735/Bang/2016 for AY 2013-14 order dated 27.2.2019. In the aforesaid decision, the 3 comparable...