https://www.taxtmi.com/caselaws?id=773822 ITAT Pune allowed the assessee's appeal regarding transfer pricing comparable selection. The Tribunal excluded four companies - Cybage Software Pvt. Ltd., Nihilent Ltd., Infobeans Technologies Ltd., and E-Infochips Pvt. Ltd. - from the comparables list, consistent with previous decisions for assessment years 2014-15, 2016-17, and 2017-18. Additionally, Ninestars Information Technologies Ltd. was excluded following the precedent in Persistent Systems Ltd. case, where similar software development activities were deemed incomparable. The Assessing Officer/Transfer Pricing Officer was directed to exclude all five companies from determining arm's length price for international transactions with associated enterprises. en-us Wed, 25 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773822 ITAT Pune allowed the assessee's appeal regarding transfer pricing comparable selection. The Tribunal excluded four companies - Cybage Software Pvt. Ltd., Nihilent Ltd., Infobeans Technologies Ltd., and E-Infochips Pvt. Ltd. - from the comparables list, consistent with previous decisions for assessment years 2014-15, 2016-17, and 2017-18. Additionally, Ninestars Information Technologies Ltd. was excluded following the precedent in Persistent Systems Ltd. case, where similar software development activities were deemed incomparable. The Assessing Officer/Transfer Pricing Officer was directed to exclude all five companies from determining arm's length price for international transactions with associated enterprises. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773822