2018 (3) TMI 1962

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....ocate For the Respondent : Shri Vijyakumar Punna, Jr.Standing Counsel ORDER PER A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER: This appeal by the assessee is directed against the order passed by the Ld. Members of the DRP dated 05.06.2017 in F.No.288/DRP-2/BANG/2016-17 U/s.144C(5) r.w.s. 143(3), 144C(1) & 92CA of the Act for the assessment year 2013-14. 2. The assessee has raised several grounds in ....

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....ly grievance of the assessee is that the Ld.Revenue Authorities has adopted M/s. Infosys BPO as the comparable company which has a turnover of Rs. 1831.34 crores though the assessee companies' turnover is only Rs. 107.13 crores which is 17 times higher than the turnover of the assessee. The Ld.AR further submitted before us that the Ld.Revenue Authorities had rightly adopted the other companies as....

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....able companies. Therefore we are of the considered view that M/s. Infosys BPO Ltd., cannot be treated as a comparable company while arriving at the average NCP margins in the case of the assessee. We also draw strength from the decisions pointed out before us by the Ld.AR in the case H & S Software Development and Knowledge Management Centre Pvt Ltd (TS-9-HC-2018(DEL)-TP) wherein it was held that ....