2019 (4) TMI 1390

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....1. This appeal is filed by the Revenue to challenge the judgment of the Income Tax Appellate Tribunal, Mumbai ("the Tribunal" for short). 2. Following question is presented for our consideration:- "Whether on the facts and in the circumstances of the case, the Tribunal erred in law in excluding the comparables Rolta India Ltd and KLG Systels Ltd on the basis of turnover without conside....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....transactions of the assessee being 13.31 Crores. 4. The Tribunal by the impugned judgment accepted the assessee's grounds. The Tribunal noted that earlier it had held that Rolta India Ltd and KLG Systels Ltd would have to be excluded being functionally different than the concern providing IT enabled design engineering services. The Tribunal observed as under:- "19. The learned Authoriz....