https://www.taxtmi.com/caselaws?id=458595 The Delhi HC admitted an appeal regarding transfer pricing adjustments and comparable selection. The court upheld exclusion of Infosys BPO Ltd. and TCS E-Serve Ltd. as comparables due to their mega entity status, following precedent in CIT v. Agnity India Technologies Pvt. Ltd. The DRP excluded Acropetal Technologies Ltd. for software development activities, which the Tribunal upheld. However, the court noted inconsistency regarding Accentia Technologies Ltd., also engaged in software development. For Eclerx Services Ltd., respondents argued it provided KPO services versus assessee's BPO services, making it incomparable. The court admitted the appeal questioning whether the Tribunal correctly rejected Acropetal Technologies Ltd. as comparable, despite TPO ruling that engineering and design services fall under ITES services comparable to assessee's functions. en-us Tue, 02 Jul 2024 00:00:00 +0530 Thu, 07 Nov 2024 19:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458595 The Delhi HC admitted an appeal regarding transfer pricing adjustments and comparable selection. The court upheld exclusion of Infosys BPO Ltd. and TCS E-Serve Ltd. as comparables due to their mega entity status, following precedent in CIT v. Agnity India Technologies Pvt. Ltd. The DRP excluded Acropetal Technologies Ltd. for software development activities, which the Tribunal upheld. However, the court noted inconsistency regarding Accentia Technologies Ltd., also engaged in software development. For Eclerx Services Ltd., respondents argued it provided KPO services versus assessee's BPO services, making it incomparable. The court admitted the appeal questioning whether the Tribunal correctly rejected Acropetal Technologies Ltd. as comparable, despite TPO ruling that engineering and design services fall under ITES services comparable to assessee's functions. Case-Laws Income Tax Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458595