https://www.taxtmi.com/caselaws?id=393728 The Tribunal directed the assessing officer to exclude Larsen & Toubro Infotech Limited and Persistent Systems Ltd from the list of comparable companies in a Transfer pricing adjustment case concerning Software development services. The decision emphasized the significance of turnover differences as a criterion for exclusion, aligning with previous rulings by other coordinate benches. The appeal was partly allowed in favor of the assessee, underscoring the importance of applying turnover filters in Transfer pricing analysis. en-us Mon, 17 Feb 2020 00:00:00 +0530 Sat, 21 Mar 2020 12:21:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393728 The Tribunal directed the assessing officer to exclude Larsen & Toubro Infotech Limited and Persistent Systems Ltd from the list of comparable companies in a Transfer pricing adjustment case concerning Software development services. The decision emphasized the significance of turnover differences as a criterion for exclusion, aligning with previous rulings by other coordinate benches. The appeal was partly allowed in favor of the assessee, underscoring the importance of applying turnover filters in Transfer pricing analysis. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393728