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17. Further, regarding the exclusion of e-Zest Solutions Ltd., the Ld. AR submitted that the said company is functionally dissimilar to the assessee as it is a product engineering and software development company having special expertise in emerging technologies such as cloud computing, SaaS, business intelligence and mobility. The Ld. AR pointed out that the company is involved in providing a wide range of services such as enterprise solutions, product engineering, consulting, technology services, product design and development, product feature enhancement, software product testing and BPO services.

17.5 In view of the above, the Ld. AR submitted that the exclusion of e-Zest Solutions Ltd. by the Ld. CIT(A) does not call for any interference by this Tribunal.

18. We have considered the rival submissions and perused the materials available on record. The limited issue before us is whether e- Zest Solutions Ltd., which was excluded by the Ld. CIT(A), ought to be restored to the final set of comparables as contended by the Revenue.

18.1 We note that the Ld. CIT(A) excluded the said company after examining the functional profile brought on record by the Ld. AR. From the annual report, it is evident that e-Zest Solutions Ltd. is engaged in end-to-end product development and product engineering activities and provides a wide range of services such as enterprise solutions, product design and development, consulting, technology services, software product testing, web development and BPO services. The company also has specialized expertise in emerging technologies such as cloud computing, SaaS, business intelligence and mobility. In our view, such a functional profile is materially different from that of the assessee, which is admittedly engaged only in rendering routine software development services to its associated enterprise.