https://www.taxtmi.com/caselaws?id=438229 The court upheld the exclusion of Axis Integrated Systems Limited as a comparable in the case. It was determined that the company provided high-end services different from the low-end services offered by the assessee. Additionally, the claim of long-term capital loss on the sale of shares was disallowed as the assessee did not hold the entire share capital as required by law. The assessee's claim was allowed, while the Revenue's appeal was dismissed. en-us Thu, 20 Apr 2023 00:00:00 +0530 Thu, 25 May 2023 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438229 The court upheld the exclusion of Axis Integrated Systems Limited as a comparable in the case. It was determined that the company provided high-end services different from the low-end services offered by the assessee. Additionally, the claim of long-term capital loss on the sale of shares was disallowed as the assessee did not hold the entire share capital as required by law. The assessee's claim was allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438229