https://www.taxtmi.com/caselaws?id=307136 The Tribunal partially allowed the assessee's appeal by excluding Larsen & Toubro Infotech Limited and Persistent Systems Limited from the comparables list. It upheld the exclusion of ICRA Techno Analytics and Tech Mahindra Limited due to functional dissimilarity and high turnover. Additionally, the Tribunal affirmed the decision against making a negative working capital adjustment for the assessee, a captive service provider. The Revenue's appeal was dismissed. en-us Tue, 16 Nov 2021 00:00:00 +0530 Tue, 21 Mar 2023 20:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307136 The Tribunal partially allowed the assessee's appeal by excluding Larsen & Toubro Infotech Limited and Persistent Systems Limited from the comparables list. It upheld the exclusion of ICRA Techno Analytics and Tech Mahindra Limited due to functional dissimilarity and high turnover. Additionally, the Tribunal affirmed the decision against making a negative working capital adjustment for the assessee, a captive service provider. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307136