Oswal Investment Advisors Pvt.
Ltd.(MOIAPL),IDFC Investment Advisors Limited(IDFC)and ICRA Online Ltd.(ICRA-O)as
comparables for determining the Arms Length Price ... cause as to why following there
additional comparables,namely MOIAPL,IDFC and ICRA-O,should also not be considered.
After considering the submissions/objections
financial year 2009-10 relevant to assessment
year 2010-11:-
(i) ICRA Management Consultancy Services Ltd. (ICRA);
(ii) Integrated Capital Services Ltd;
(iii) Kinetic Trust ... assessee FY 2009-10
Future Capital Investment Advisors Ltd. 15.71%
ICRA Management Consulting Services Ltd 0.41%
ICRA online Ltd 41.77%
IDC India Ltd 13.00%
Informed
Oswal investment Advisors Pvt. Ltd.(MOIAPL), IDFC Investment Advisors
Ltd.(IDFC)and ICRA Online Ltd.(ICRA-O)should not be included in the final list ... assessee that segmental information was not available. In the case of ICRA -
O the assessee had contended that it was not functionally comparable
provision of non-binding investment advisory services were as follows:
i.ICRA Management Consulting Services Limited(ICRA@)0.41%),
ii.IDC(India) Limited(IDCL ... Segment-Investment advisory 31.68%
3. IDFC Investment Advisors Ltd.( IDFCL) 36.62%
4. ICRA Online Ltd. (ICRA-O) 41.77%
5. Kshitij Investment Advisory Co.Ltd.(KIACL
Commissioner Of Service Tax, Kolkata vs Icra Techno Analytics Ltd on 21 July, 2016
CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL
EAST ZONAL BENCH: KOLKATA ... Central Excise (Appeal), Kolkata.
Commissioner of Service Tax, Kolkata
Appellant
Vs.
Icra Techno Analytics Ltd.
...RESPONDENT(S)
APPEARANCE:
Shri S. N. Mitra
Aditya Birla Capital Advisors Pvt. Ltd. 38.50%
Aptico Ltd. 25.17%
ICRA Ltd. 82.40%
ICRA Management Consulting Services Ltd. 16.14%
Kitco Ltd. 27.48%
IDC (India ... comparables introduced by the TPO, namely,
Aditya Birla Capital Advisors Pvt. Ltd., ICRA Ltd., Birla Sunlife Asset
Management Company Ltd. and Ladderup Corporate Advisory
erred by not including
2 companies (ICRA Online, Vishwa Vikas Services
Limited) as comparables to that of the appellant
company ... Serve International Limited be rejected
as a comparable while considering ICRA Online
and Vishwa Vikas Services Ltd as
comparables;
4
c. Relief be granted
erred in directing the TPOI AO
to exclude the comparables M/s ICRA
Techno Analytics Ltd.; M/s KALS Information Systems
Ltd.; M/s Infosys ... revenue is in appeal. These six comparables are
1) M/s ICRA Techno Analytic Ltd(Seg.)
2) M/s Infosys Ltd.,
3) M/s Kals
erred in directing the AO to exclude M/s. ICRA
Techno Analytics Ltd., M/s. KALS Information Systems
Ltd., M/s. Persistent Systems ... direction of the DRP for exclusion of the following comparables.
a) ICRA Techno Analytics Ltd.,
b)M/s Kals Information Systems
6638/Del/2013, AY: 2009-10
Avenue Asia Advisors Pvt.
Limited
4. ICRA Management Consulting 9.75
Services Limited
5. IDFC Investment Advisors (11.65)
Limited ... more than 25%
etc., accepted 'Future Capital Holdings Limited', 'ICRA Management
Consulting Services Limited' and 'Mecklai Financial & Commercial Services
