https://www.taxtmi.com/caselaws?id=379585 The Tribunal allowed the assessee's appeal by excluding four comparables, including Infosys Ltd., Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., and Genesys International Corpn. Ltd., due to functional dissimilarities. The exclusion led to a re-computation of the Arm's Length Price, resulting in the final Transfer Pricing adjustment of Rs. 97,14,556. The decision emphasized the significance of functional comparability in Transfer Pricing analysis and upheld principles from previous cases, ultimately favoring the assessee in the dispute. en-us Tue, 30 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379585 The Tribunal allowed the assessee's appeal by excluding four comparables, including Infosys Ltd., Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., and Genesys International Corpn. Ltd., due to functional dissimilarities. The exclusion led to a re-computation of the Arm's Length Price, resulting in the final Transfer Pricing adjustment of Rs. 97,14,556. The decision emphasized the significance of functional comparability in Transfer Pricing analysis and upheld principles from previous cases, ultimately favoring the assessee in the dispute. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379585