Study
Futu
3. Future Capital Investments 14.17% Original TP Study
ICR4. ICRA Management Consulting Services
(-) 3.98% Original TP Study
Limited
5. Kar Karvy Investor Services ... assessee is accepting
Cyber Media Research Limited, Future Capital Investments and
ICRA Management Consulting Services Ltd. but is contesting the
remaining five comparables. The following
India Advisory Ltd. (AIAL)
ii. Future Capital Investment Advisory Ltd. (FCIAL)
iii.ICRA Management Consulting Services Limited(ICRA)
iv.IDC(India) Limited(IDCL),
v.Informed ... submission and detailed
submission.In his preliminary statement he argued that if ICRA and IDCL were accepted as
valid comparables and if the directions
month period. This cannot
be used as a comparable
8. ICRA Online Ltd. This is a suitable comparable
9. Vishal Information Technologies This ... Minacs Worldwide Limited
2. Cosmic Global Limited
3. Informed Technologies Limited
4. ICRA Online Ltd.
5. Vishal Information Technologies
Limited (Not known as Coral
Icra Limited vs Associated Journals Limited And Anr. on 24 August, 2007
Author: Sanjay Kishan Kaul
Bench: Sanjay Kishan Kaul
JUDGMENT
Sanjay Kishan Kaul
erred in
deleting the relevant transaction of M/s ICRA Techno Analytics Ltd. As one of
the comparable without appreciating the fact that ... ICRA Techno Analytics
Ltd. is also in the business of ITes Services.
3. The appellant prays that the order of CIT(A) on the grounds
Comparable Weighted Avg
(OP/OT) (%)
1. Future Capital Holdings Limited -2.23
2. ICRA Management Consulting 5.02
Services Limited
3. ICRA Online Limited 27.45
4. ICRA ... business and it does not
offer the investment advisory services.
2. ICRA This company has significant related party transactions during the
Management year and also
following seven comparables:-
Access India Advisers Ltd.,Future Capital Investment Advisers Ltd.,ICRA Management
Consulting Services Ltd., IDCI Limited , Informed Technologies Ltd., Integrated Capital
Services ... providing ITE-s,(SN.15,LPB 1 pg 189),that ICRA was showing
fluctuating profits,that it was rightly taken out of the list
correct in rejecting
the comparable taken by the assessee i.e. ICRA Techno Analytics Ltd despite
TPO having established the functional similarity ... namely Acropetal Technologies Ltd., Eclerx Services
Pvt. Ltd., Accentia Technology Ltd. and ICRA Techno Analytics Ltd.
The TPO arrived at the following set of comparable
different as submitted by assessee reproduced as
under:
Credit Rating given by ICRA
Credit Rating given to Torrent Pharmaceuticals Ltd by ICRA
during ... 2009-10.
ICRA has reaffirmed LAA rating to Long Term fund based limits of
Rs.4700 million indicating high credit quality. Further the ICRA
credit rating of RPL
The credit rating of RPL granted by ICRA Limited is downgraded below
BBB.
11.23 Pledged Securities
(g) If there ... default and comply with contractual
terms. Counsel also submitted that upon ICRA downgrading the shares of
RPL from BBB to BB negative plaintiffs should have
