https://www.taxtmi.com/caselaws?id=351929 The Tribunal partly allowed the assessee's appeal, directing the AO/TPO to exclude Tata Consultancy Services Ltd. and Wipro Ltd. as comparables due to extraordinary events affecting their financials. Infosys Technologies Ltd. was retained as a comparable, deemed functionally similar to the assessee. Zenith Infotech Ltd. was also retained. The Tribunal ordered working capital adjustments, noting previous allowance for the assessee. The decision was pronounced on 30th November 2017. en-us Thu, 30 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351929 The Tribunal partly allowed the assessee's appeal, directing the AO/TPO to exclude Tata Consultancy Services Ltd. and Wipro Ltd. as comparables due to extraordinary events affecting their financials. Infosys Technologies Ltd. was retained as a comparable, deemed functionally similar to the assessee. Zenith Infotech Ltd. was also retained. The Tribunal ordered working capital adjustments, noting previous allowance for the assessee. The decision was pronounced on 30th November 2017. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351929