Ground No. 6 is against the rejection by the TPO of EDCIL (India) Ltd. as
comparable and inclusion of certain other companies as comparables ... included another company. Global Procurement Consultants Ltd.,
providing services similar to EDCIL (India) Ltd. He also relied on the decision
of coordinate Bench
above submission, we take up the
comparable Educational Consultant India Limited (EDCIL)
(Technical assistance & HRD) (Segment). The TPO/DRP has
excluded the above comparable ... material on record. In the present case, the assessee wants
inclusion of EDCIL, a government company, in the final set of
comparables adopted
length standard.
1.20 The ld.TPO also rejected another comparable
company namely EDCIL(India) Ltd. (Human Resource
Development Segment) given in the fresh search ... that on a close analysis of the Human Resource
Development Division of EDCIL, it can be seen that this
segment is comparable to the appellant
ground that DRP/TPO
erred in excluding Educational Consultant India Limited (EDCIL)
(Technical assistance & HRD) (segment) from the final set of
comparable companies ... held that EDCIL engaged in
educational consultancy business and is not providing any services
and therefore functionally not comparable to the appellant.
Further
Technical Support Group (TSG) for
implementing the schemes at ground level. EdCIL India Ltd., one of these
implementing authorities, was paid funds on which ... however, considered the plea of assessee that EdCIL
which was one of the PIU was paid service charges which constituted only
Technical Support Group (TSG) for
implementing the schemes at ground level. EdCIL India Ltd., one of these
implementing authorities, was paid funds on which ... however, considered the plea of assessee that EdCIL
which was one of the PIU and that it was paid service charges which
constituted only
5618/Del/2024
5 Praendex Management Resources Pvt. Ltd. 18.49%
6 EDCIL India Ltd. 25.91%
7 Info Edge India Ltd. 28.98%
8 KitKo ... Management Consulting Services Ltd. 13.31%
3 Pressman Advertising Ltd. 15.61%
4 EDCIL (India) Ltd. 25.91%
5 ICRA Ltd. 66.56%
Average 25.43%
12. Before
compilation).
29. Arguments for exclusion of Educational
Consultants India Ltd. ("EdCIL" It is further submitted
that EdCIL (India) Ltd. should be excluded from ... comparables. The reasons for exclusion are
tabulated below:
Functionally dissimilar
30. EDCIL is a multi-disciplinary organization offering
education and human resource development services,
both
compilation).
29. Arguments for exclusion of Educational
Consultants India Ltd. ("EdCIL" It is further submitted
that EdCIL (India) Ltd. should be excluded from ... comparables. The reasons for exclusion are
tabulated below:
Functionally dissimilar
30. EDCIL is a multi-disciplinary organization offering
education and human resource development services,
both
Aptico Ltd. 40.09 28.62
2. Cameo Corp. Serv. 8.26 5.90
3. EDCIL 7.41 5.28
4. Crystal Hues Limited 9.10 6.50
5 Cyber Media Research ... Advisors Ltd. 34.77
2. Asian Business Exhibition & Conference Ltd. 18.10
3. EDCIL India Ltd. 4.37
4. ICRA Management Consulting Services
