https://www.taxtmi.com/caselaws?id=191075 The Tribunal partly allowed the assessee's appeal, directing the exclusion of specific comparables like Persistent Systems Limited, Sonata Software Limited, Wipro Technology Services Limited, Zylog Systems Limited, Accentia Technologies Limited, Infosys BPO Limited, TCS E Serve International Ltd., and TCS E Serve Limited. The Tribunal instructed the AO/TPO to rework the average Profit Level Indicator (PLI) of the comparables and reassess the pricing of the international transactions in both the Contract Software Development (CSD/IT) and IT-enabled services (ITES) segments. Additionally, the Tribunal set aside the working capital adjustment issue for fresh adjudication by the lower authorities. en-us Thu, 21 Jan 2016 00:00:00 +0530 Mon, 20 Mar 2017 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191075 The Tribunal partly allowed the assessee's appeal, directing the exclusion of specific comparables like Persistent Systems Limited, Sonata Software Limited, Wipro Technology Services Limited, Zylog Systems Limited, Accentia Technologies Limited, Infosys BPO Limited, TCS E Serve International Ltd., and TCS E Serve Limited. The Tribunal instructed the AO/TPO to rework the average Profit Level Indicator (PLI) of the comparables and reassess the pricing of the international transactions in both the Contract Software Development (CSD/IT) and IT-enabled services (ITES) segments. Additionally, the Tribunal set aside the working capital adjustment issue for fresh adjudication by the lower authorities. Case-Laws Income Tax Thu, 21 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191075