https://www.taxtmi.com/caselaws?id=192240 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to exclude M/s. Bodhtree Consulting Ltd. from the list of comparables for transfer pricing analysis. The Tribunal emphasized the importance of consistency in treatment and approach, noting the functional differences between M/s. Bodhtree Consulting Ltd.'s software development services and the IT-enabled services provided by the assessee. The Tribunal also highlighted the significant variations in financial results and revenue recognition models, supporting the exclusion of M/s. Bodhtree Consulting Ltd. The Revenue's appeal was dismissed, affirming the exclusion of M/s. Bodhtree Consulting Ltd. as a comparable company. en-us Wed, 29 Apr 2015 00:00:00 +0530 Mon, 22 May 2017 07:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192240 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to exclude M/s. Bodhtree Consulting Ltd. from the list of comparables for transfer pricing analysis. The Tribunal emphasized the importance of consistency in treatment and approach, noting the functional differences between M/s. Bodhtree Consulting Ltd.'s software development services and the IT-enabled services provided by the assessee. The Tribunal also highlighted the significant variations in financial results and revenue recognition models, supporting the exclusion of M/s. Bodhtree Consulting Ltd. The Revenue's appeal was dismissed, affirming the exclusion of M/s. Bodhtree Consulting Ltd. as a comparable company. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192240