https://www.taxtmi.com/caselaws?id=311243 ITAT DELHI dismissed revenue's appeal in transfer pricing case involving ITES provider. Tribunal upheld CIT(A)'s rejection of four comparables including Vishal Information Technologies, Wipro, Mold-tek Technological, and Genesys International Corporation as functionally different from assessee's cost-plus services to associated enterprises. Court found Genesys provided specialized geospatial services requiring highly skilled manpower unlike assessee's business support services. Additionally, ITAT allowed 60% depreciation on computer peripherals worth Rs. 1,62,975 following Delhi HC precedent in BSES Yamuna Powers case, confirming these items qualify for higher depreciation rate under IT equipment category. en-us Wed, 13 Jun 2018 00:00:00 +0530 Thu, 14 Dec 2023 20:04:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311243 ITAT DELHI dismissed revenue's appeal in transfer pricing case involving ITES provider. Tribunal upheld CIT(A)'s rejection of four comparables including Vishal Information Technologies, Wipro, Mold-tek Technological, and Genesys International Corporation as functionally different from assessee's cost-plus services to associated enterprises. Court found Genesys provided specialized geospatial services requiring highly skilled manpower unlike assessee's business support services. Additionally, ITAT allowed 60% depreciation on computer peripherals worth Rs. 1,62,975 following Delhi HC precedent in BSES Yamuna Powers case, confirming these items qualify for higher depreciation rate under IT equipment category. Case-Laws Income Tax Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311243