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2016 (2) TMI 931 - AT - Income TaxTransfer pricing adjustment - comparable selection - Held that:- In view of the matter, following the decision of this Tribunal in the case of Pegasystems Worldwide India Pvt. Ltd. Hyderabad [2015 (10) TMI 2495 - ITAT HYDERABAD] we accept the contentions of the assessee in its appeal and direct the Assessing Officer/TPO to redetermine the transfer pricing adjustment, if any, warranted, after excluding the above three comparables [ E-Infochips Bangalore ltd., Kals information Systems ltd. and Tata Elxsi Ltd.(Seg)] from the TP study.
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