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

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