https://www.taxtmi.com/caselaws?id=291840 The High Court upheld the ITAT's decision to include TCS E-serve Ltd., Infosys BPO Ltd., and Excel Infoways Ltd. as comparables for Arms Length Price determination under Section 92CA of the Income Tax Act. It found the exclusion of R Systems International Ltd. reasonable and emphasized brand value's importance in profitability. The Court agreed with the ITAT's findings on comparability with Infosys BPO and deemed the inclusion of R Systems acceptable based on data extrapolation. Two questions of law were identified regarding the inclusion of M/s. Surya Pharmaceutical Ltd. and exclusion of M/s. Excel Infosys, leading to further proceedings for detailed review and legal analysis. en-us Tue, 27 Feb 2018 00:00:00 +0530 Thu, 26 Nov 2020 09:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291840 The High Court upheld the ITAT's decision to include TCS E-serve Ltd., Infosys BPO Ltd., and Excel Infoways Ltd. as comparables for Arms Length Price determination under Section 92CA of the Income Tax Act. It found the exclusion of R Systems International Ltd. reasonable and emphasized brand value's importance in profitability. The Court agreed with the ITAT's findings on comparability with Infosys BPO and deemed the inclusion of R Systems acceptable based on data extrapolation. Two questions of law were identified regarding the inclusion of M/s. Surya Pharmaceutical Ltd. and exclusion of M/s. Excel Infosys, leading to further proceedings for detailed review and legal analysis. Case-Laws Income Tax Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291840