Document Fragment View

Matching Fragments

44.10 Accentia Technologies Ltd.: The Ld. AR submitted that there was extraordinary events during A.Y. 2008-09 i.e. amalgamation and acquisition. This company has acquired four companies and has had several other collaborations. The Ld. AR submitted that the Hon'ble Delhi High Court in case of PCIT vs. Ameriprise India P. Ltd. ITA No. 461/2016 upheld the exclusion of thecomparable on the ground of extraordinary events that had taken place. This comparable is functionally dissimilar to the assessee company. Accentia Technologies Ltd. is engaged in health care receivables cycle management. Its income is derived from three sources i.e. Medical Transcription, Billing and Coding and Software Development and Implementation. But Annual Report stated that it has only one segment. Thus, there is no segmental details available of this comparable.