https://www.taxtmi.com/caselaws?id=392835 The Tribunal dismissed the Revenue's appeal due to the tax effect being less than Rs. 50 lakhs as per CBDT Circular No.17 of 2019. The Assessee's appeal was partly allowed, with directions to include Evoke Technologies Pvt. Ltd. and exclude Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., and Sasken Communication Technologies Ltd. from the list of comparable companies. The Assessing Officer/Transfer Pricing Officer was directed to compute the Arm's Length Price in light of these directions after affording an opportunity of hearing to the Assessee. en-us Wed, 26 Feb 2020 00:00:00 +0530 Sat, 29 Feb 2020 11:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392835 The Tribunal dismissed the Revenue's appeal due to the tax effect being less than Rs. 50 lakhs as per CBDT Circular No.17 of 2019. The Assessee's appeal was partly allowed, with directions to include Evoke Technologies Pvt. Ltd. and exclude Larsen & Toubro Infotech Ltd., Persistent Systems Ltd., and Sasken Communication Technologies Ltd. from the list of comparable companies. The Assessing Officer/Transfer Pricing Officer was directed to compute the Arm's Length Price in light of these directions after affording an opportunity of hearing to the Assessee. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392835