https://www.taxtmi.com/caselaws?id=341214 The High Court upheld the Tribunal's decision to exclude Nucleus Netsoft and GIS (India) Limited as comparables due to significant outsourcing exceeding 40% and the merger of the companies. Vishal Information Technologies Limited was also excluded based on outsourcing affecting its financial structure. The Court found the exclusions justified, supported by evidence of outsourcing levels and financial differences. Citing precedent, the Court emphasized the distinction between companies with significant outsourcing and those without. The appeal was dismissed as no substantial legal question arose, affirming the exclusion of comparables based on outsourcing and financial disparities. en-us Mon, 05 Dec 2016 00:00:00 +0530 Tue, 04 Apr 2017 10:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341214 The High Court upheld the Tribunal's decision to exclude Nucleus Netsoft and GIS (India) Limited as comparables due to significant outsourcing exceeding 40% and the merger of the companies. Vishal Information Technologies Limited was also excluded based on outsourcing affecting its financial structure. The Court found the exclusions justified, supported by evidence of outsourcing levels and financial differences. Citing precedent, the Court emphasized the distinction between companies with significant outsourcing and those without. The appeal was dismissed as no substantial legal question arose, affirming the exclusion of comparables based on outsourcing and financial disparities. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341214