https://www.taxtmi.com/caselaws?id=448631 ITAT Mumbai ruled on transfer pricing comparable selection for ITES services. The tribunal excluded Domex due to diversified activities including software development and KPO services, MPS Ltd due to merger impact on margins, and Vitae for providing diversified services incomparable to ITES. Access Healthcare was rejected as KPO services require higher skills than ITES/BPO. However, R-Systems International was included despite different financial year, following Delhi HC precedent allowing extrapolation. Sundaram Business Services was reinstated as comparable, having been accepted in preceding and subsequent years. en-us Thu, 07 Dec 2023 00:00:00 +0530 Wed, 24 Jan 2024 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448631 ITAT Mumbai ruled on transfer pricing comparable selection for ITES services. The tribunal excluded Domex due to diversified activities including software development and KPO services, MPS Ltd due to merger impact on margins, and Vitae for providing diversified services incomparable to ITES. Access Healthcare was rejected as KPO services require higher skills than ITES/BPO. However, R-Systems International was included despite different financial year, following Delhi HC precedent allowing extrapolation. Sundaram Business Services was reinstated as comparable, having been accepted in preceding and subsequent years. Case-Laws Income Tax Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448631