https://www.taxtmi.com/caselaws?id=281771 The High Court dismissed the Revenue's appeal challenging the ITAT order. The exclusion of certain companies as comparables, including Bodhtree Consulting Ltd., Infosys Ltd., and Tata Elxsi Ltd., was upheld based on functional dissimilarities with the assessee. The High Court emphasized the need for substantial legal questions to invoke its jurisdiction under section 260A of the Act, highlighting the importance of consistency in applying comparability analysis principles. The issue of foreign exchange transactions was not actively pursued by the Revenue during the appeal, leading to its dismissal without detailed analysis. en-us Wed, 04 Jul 2018 00:00:00 +0530 Sat, 06 Jul 2019 07:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281771 The High Court dismissed the Revenue's appeal challenging the ITAT order. The exclusion of certain companies as comparables, including Bodhtree Consulting Ltd., Infosys Ltd., and Tata Elxsi Ltd., was upheld based on functional dissimilarities with the assessee. The High Court emphasized the need for substantial legal questions to invoke its jurisdiction under section 260A of the Act, highlighting the importance of consistency in applying comparability analysis principles. The issue of foreign exchange transactions was not actively pursued by the Revenue during the appeal, leading to its dismissal without detailed analysis. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281771