TP: Turnover is a relevant factor to consider comparability

CA Suraj R. Agrawal Brief of the Case:- Infosys & Wipro are no doubt large and distinct companies where the area of development of subject services is different and as such the profit earned there from cannot be a bench-marked or equated with the assessee. Facts of the case: Assessee is engaged in the business of manufacture of fiber glass pressure vessel used for water treatment, swimming pool equipments and that the Respondent-Company is making three kinds of vessels namely (I) Code Line, (ii) Composite pressure vessels and (iii) FRP pressure vessels and set up an in-house facility for...