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2014 (1) TMI 983 - AT - Income TaxSelection of comparables for deterrmination of arm's length price - Held that:- In respect of inclusion of Infosys Ltd. as one of the comparables - The ld. AR relied on the case of Agnity India Technologies Pvt. Ltd. Vs. ITO [2013 (7) TMI 696 - DELHI HIGH COURT] - The tribunal order in Agnity Ltd. has become binding precedent to be respected and followed by the authorities - The issue has been restored to the file of the TPO for deciding this issue afresh as per the mandate of the aforesaid view of the Hon'ble High Court. In respect of inclusion of Bodhtree Consulting Ltd. as one of the comparables - The Annual accounts and the other relevant data of this company clearly depicted that it was also engaged in the business of IT Enabled Services as against the assessee dealing in software sector alone - The issue has been restored to the file of the TPO for deciding this issue afresh.
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