Comparables with turnover less than Rs. 200 Cr cannot be compared with comparables having turnover more than Rs. 200 Cr.

Galax E Solutions India Pvt. Ltd. Vs ACIT (ITAT Bangalore)

ITAT held that companies having turnover more than 200 crores upto 500 crores has to be regarded as one category and those companies cannot be regarded as comparables with companies having turnover of less than 200 crores.

FULL TEXT OF THE ORDER OF ITAT BANGALORE

Present appeal is filed by assessee against final assessment order dated 25/09/2017 passed under section 143(3) read with Please become a Premium member. If you are already a Premium member, login here to access the full content.