https://www.taxtmi.com/caselaws?id=390829 The Tribunal directed the Transfer Pricing Officer (TPO) to exclude six challenged comparables from the final list for benchmarking international transactions in IT enabled services. The comparables (Eclerx Services Ltd., Accentia Technologies Ltd., BNR Udyog Ltd., Excel Infoways Ltd., Infosys BPO Ltd., and TCS E-Serve Ltd.) were found to be functionally dissimilar or lacking segmental details, leading to their exclusion. The TPO was instructed to recompute the Arm's Length Price (ALP) accordingly, resulting in the partial allowance of the assessee's appeal. en-us Fri, 01 Nov 2019 00:00:00 +0530 Wed, 08 Jan 2020 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390829 The Tribunal directed the Transfer Pricing Officer (TPO) to exclude six challenged comparables from the final list for benchmarking international transactions in IT enabled services. The comparables (Eclerx Services Ltd., Accentia Technologies Ltd., BNR Udyog Ltd., Excel Infoways Ltd., Infosys BPO Ltd., and TCS E-Serve Ltd.) were found to be functionally dissimilar or lacking segmental details, leading to their exclusion. The TPO was instructed to recompute the Arm's Length Price (ALP) accordingly, resulting in the partial allowance of the assessee's appeal. Case-Laws Income Tax Fri, 01 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390829