https://www.taxtmi.com/caselaws?id=342792 The Tribunal partly allowed the assessee's appeal by excluding Larsen & Toubro Infotech Ltd. and Persistent Systems Ltd. as comparables. Other grounds raised by the assessee, including inclusion of Evoke Technologies Pvt. Ltd., working capital and risk profile adjustments, multiple year data usage, and +/-5 percent range benefit, were rejected. The final adjustment of Rs. 4,14,20,080 to the Arm's Length Price was upheld, along with the levy of interest under sections 234B and 234C. en-us Fri, 28 Apr 2017 00:00:00 +0530 Fri, 12 May 2017 07:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342792 The Tribunal partly allowed the assessee's appeal by excluding Larsen & Toubro Infotech Ltd. and Persistent Systems Ltd. as comparables. Other grounds raised by the assessee, including inclusion of Evoke Technologies Pvt. Ltd., working capital and risk profile adjustments, multiple year data usage, and +/-5 percent range benefit, were rejected. The final adjustment of Rs. 4,14,20,080 to the Arm's Length Price was upheld, along with the levy of interest under sections 234B and 234C. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342792