https://www.taxtmi.com/caselaws?id=310397 The tribunal allowed the appeal for statistical purposes, instructing the AO/TPO to reassess the issues with a detailed and reasoned order after providing the assessee an opportunity to be heard. For the Software Development Segment, Infosys Ltd. and L&T Infotech Ltd. were excluded due to turnover discrepancies, while Persistent Systems Ltd. required further examination. In the ITES Segment, Infosys BPO Ltd. and TCS E-Serve Ltd. were excluded for similar reasons, and other comparables were to be re-examined for functional dissimilarity. The tribunal also directed the reconsideration of certain companies for inclusion as comparables. en-us Fri, 12 May 2017 00:00:00 +0530 Sun, 22 Oct 2023 21:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310397 The tribunal allowed the appeal for statistical purposes, instructing the AO/TPO to reassess the issues with a detailed and reasoned order after providing the assessee an opportunity to be heard. For the Software Development Segment, Infosys Ltd. and L&T Infotech Ltd. were excluded due to turnover discrepancies, while Persistent Systems Ltd. required further examination. In the ITES Segment, Infosys BPO Ltd. and TCS E-Serve Ltd. were excluded for similar reasons, and other comparables were to be re-examined for functional dissimilarity. The tribunal also directed the reconsideration of certain companies for inclusion as comparables. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310397