https://www.taxtmi.com/caselaws?id=351029 The Tribunal directed the Transfer Pricing Officer to exclude certain comparables like Acropetal Technologies Ltd., Infosys Ltd., Larsen & Toubro Infotech Ltd., Mindtree Limited, Persistent Systems Ltd., and Zylog Systems Ltd. due to functional dissimilarities and lack of segmental data. It also instructed the consideration of including Thinksoft Global Services Ltd. and Sonata Software Ltd. as comparables. An adjustment of Rs. 2,61,31,755/- was made on the Arm's Length Price. The Tribunal emphasized functional comparability, exclusion of companies undergoing extraordinary events, and the reassessment of economic analysis. The matter was remanded for further assessment, allowing the appeal partly for statistical purposes. en-us Wed, 15 Nov 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351029 The Tribunal directed the Transfer Pricing Officer to exclude certain comparables like Acropetal Technologies Ltd., Infosys Ltd., Larsen & Toubro Infotech Ltd., Mindtree Limited, Persistent Systems Ltd., and Zylog Systems Ltd. due to functional dissimilarities and lack of segmental data. It also instructed the consideration of including Thinksoft Global Services Ltd. and Sonata Software Ltd. as comparables. An adjustment of Rs. 2,61,31,755/- was made on the Arm's Length Price. The Tribunal emphasized functional comparability, exclusion of companies undergoing extraordinary events, and the reassessment of economic analysis. The matter was remanded for further assessment, allowing the appeal partly for statistical purposes. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351029