https://www.taxtmi.com/caselaws?id=192218 The court upheld the decision to exclude Infosys BPO and M/s Eclerx Services Ltd. from the list of comparables in a tax dispute case. It found that the functional differences between the Assessee, a Knowledge Processing Outsourcing entity, and the excluded companies justified their exclusion. The court emphasized that comparing entities solely based on the use of Information Technology for service delivery could lead to erroneous conclusions. The appeal was dismissed, with the court affirming the ITAT's reasoning and concluding that no substantial question of law arose for consideration. en-us Fri, 05 Aug 2016 00:00:00 +0530 Sat, 20 May 2017 08:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192218 The court upheld the decision to exclude Infosys BPO and M/s Eclerx Services Ltd. from the list of comparables in a tax dispute case. It found that the functional differences between the Assessee, a Knowledge Processing Outsourcing entity, and the excluded companies justified their exclusion. The court emphasized that comparing entities solely based on the use of Information Technology for service delivery could lead to erroneous conclusions. The appeal was dismissed, with the court affirming the ITAT's reasoning and concluding that no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192218