Cherry Picking of Comparables Not Permissible – ITAT Clarifies TP Approach

Netradyne Technology India Pvt. Ltd. Vs. ITO (ITAT Bangalore) Cherry Picking of Comparables Not Permissible – ITAT Clarifies TP Approach Assessee, a captive software development service provider for its US parent, reported international transactions of ₹39.35 crores in software development & ₹19.00 lakhs in software licence distribution. TPO rejected its TP study & adopted new comparables, selecting large companies like Infosys, Wipro, TCS, Mindtree, L&T Infotech, Tata Elxsi etc., despite Assessee’s small turnover. DRP confirmed. Before Tribunal, Assessee pressed grounds on...