2014 (7) TMI 1233

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.... Hon'ble The Chief Justice Sri Kalyan Jyoti Sengupta) This appeal is sought to be preferred and admitted by the Revenue against the judgment and order dated 24.10.2013 passed by the learned Tribunal in I.T.A.No.1154/Hyderabad/2011 in relation to the assessment year 2005-06, on the following suggested questions of law: 1. Whether, on the facts and the circumstances of the case, the Tribunal i....

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....efore depreciation and interest (PBDIT) as profit level indicator? We have heard Mr. J.V.Prasad, learned Standing Counsel for the Revenue and gone through the impugned judgment and order. He says that the learned Tribunal is wrong in concluding that M/s.Vishal Information Technology Limited cannot be considered as a comparable case on the ground mentioned therein ignoring the fact that Indian T....

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.... "Regarding Vishal Information Technologies Ltd., the employee's cost to total cost ratio is worked out at 2% as compared to the industry average of 30 to 40%. The assessee's employee's cost to total cost ratio is worked out at 47%. Since the employee's cost form major cost base in ITES service industries, the low ratio of comparables implies that it would not be providing services by employing it....