https://www.taxtmi.com/caselaws?id=262346 The Tribunal directed the exclusion of Infosys BPO Ltd. and Wipro Ltd. (Seg.) from the list of comparables due to significant differences with the assessee. Despite objections, HCL Comnet Systems & Services Ltd. (Seg.) was retained based on turnover not being a sole exclusion criterion. Eclerx Service Ltd. was excluded for dissimilar business activities. Maple Esolutions Ltd. and Triton Corp. Ltd. were also excluded due to merger and financial irregularities. The Tribunal remanded the case for a fresh determination of the Arm's Length Price, partially allowing the appeal for statistical purposes. en-us Thu, 04 Dec 2014 00:00:00 +0530 Sat, 08 Aug 2015 06:11:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262346 The Tribunal directed the exclusion of Infosys BPO Ltd. and Wipro Ltd. (Seg.) from the list of comparables due to significant differences with the assessee. Despite objections, HCL Comnet Systems & Services Ltd. (Seg.) was retained based on turnover not being a sole exclusion criterion. Eclerx Service Ltd. was excluded for dissimilar business activities. Maple Esolutions Ltd. and Triton Corp. Ltd. were also excluded due to merger and financial irregularities. The Tribunal remanded the case for a fresh determination of the Arm's Length Price, partially allowing the appeal for statistical purposes. Case-Laws Income Tax Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262346