providing consultancy services in diverse areas like, government,
infrastructure, energy, banking and financial services etc. Its core competence is
mainly advisory services ... various industries. Its revenue generation is from
consultancy fees. Thus,a company which had provided management, consultancy
services in diverse fields can be held
Respondent / Assessee is engaged in professional
advisory / consultancy services, corporate advisory services,
financial advisory services and consulting services in relation
to "Merger and Acquisitions ... Acquisition
Services come within the definition of Management
Consultancy and would be included under Management
Consultancy Services prior to 16th July 2001 and hence
would
Respondent / Assessee is engaged in professional
advisory / consultancy services, corporate advisory services,
financial advisory services and consulting services in relation
to "Merger and Acquisitions ... Acquisition
Services come within the definition of Management
Consultancy and would be included under Management
Consultancy Services prior to 16th July 2001 and hence
would
working capital adjusted
operating margin over operating cost of ICRA
Management Consulting Services Ltd.
3. The learned TPO/AO have erred in
following an inconsistent ... computation of working capital adjustment in case of M/s
ICRA Management Consulting Services Pvt. Ltd., being one of
comparables finalized
banking services, security and stock broking
services, loan syndication/ debt syndication and project
consultancy services, investment banking services,
institutional equities, insurance brokerage, asset
management ... banking services, security and stock broking
services, loan syndication/ debt syndication and project
consultancy services, investment banking services,
institutional equities, insurance brokerage, asset
management
main object of M/s Akon Management Consultancy
Private Limited is to render Management Consultancy
Services.
(iii) M/s Akon Management Consultancy Private Limited ... assessee has
co-related rendering of services by Akon Management Services Private Limited
with various consultancies given by the assessee to its clients. The payments
providing consultancy services in diverse areas like, government,
infrastructure, energy, banking and financial services etc. Its core competence is mainly
advisory services ... various industries. Its revenue generation is from consultancy fees.
Thus,a company which had provided management, consultancy services in diverse fields can
be held
survive in the list of comparables are IDC Ltd. and ICRA
Management Consulting Services Ltd. Annexure III to the TP study
report indicates the nature ... regarding ICRA Management Consulting Services Ltd.,
which is providing 'Advisory services'. In our considered opinion, a
company providing advisory services
comparables by the AO:
(i) IDC India Limited
(ii) ICRA Management Consulting Services.
5.1.2 In respect of the other grounds 2 to 7 (supra ... rendering of services similar to
corporate advisory services, strategic advisory services, etc. The assessee
has specifically excluded companies which are rendering services as
merchant bankers
forex)
broking
(e) Asset management including portfolio
management, all forms of fund management
pension fund management, custodial
depository and trust services, but does not
include ... Financial
Services, it is clear that Financial Advisory Services were
included as a part of the said services. Insofar as
"Management Consultancy Services
