https://www.taxtmi.com/caselaws?id=235538 The High Court upheld the tribunal's decision to exclude Infosys Technologies Ltd. as a comparable in a transfer pricing adjustment case. The court affirmed L&T Infotech Ltd. as the appropriate comparable, noting significant differences between Infosys Technologies Ltd. and the respondent company. The tribunal's exclusion of Infosys Technologies Ltd. was supported by various factors such as differences in risk profile, nature of services, revenue, and ownership of products. The court found no substantial question of law and dismissed the appeal, maintaining L&T Infotech Ltd. as the suitable comparable with a lower margin than declared by the respondent. en-us Wed, 10 Jul 2013 00:00:00 +0530 Tue, 19 May 2026 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235538 The High Court upheld the tribunal's decision to exclude Infosys Technologies Ltd. as a comparable in a transfer pricing adjustment case. The court affirmed L&T Infotech Ltd. as the appropriate comparable, noting significant differences between Infosys Technologies Ltd. and the respondent company. The tribunal's exclusion of Infosys Technologies Ltd. was supported by various factors such as differences in risk profile, nature of services, revenue, and ownership of products. The court found no substantial question of law and dismissed the appeal, maintaining L&T Infotech Ltd. as the suitable comparable with a lower margin than declared by the respondent. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235538