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2016 (7) TMI 1546 - HC - Income TaxTP Adjustment - ITAT directing the AO to exclude following four comparables from the list of comparables i.e. Infosys Technologies Ltd; KALS Information Systems Ltd. (Segmental); Tata Elxsi Ltd. (Software Development and Services Segment); and Wipro Ltd. (IT Services Segment). HELD THAT:- ITAT, in giving the above direction, has followed the order passed for the earlier AY i.e. 2007-08 [2015 (6) TMI 1181 - ITAT NEW DELHI] which does not appear to have been challenged by the Revenue. On the question of exclusion of the above comparables, the Court finds that given the scale of operations of the above entities, their exclusion from the list of comparables for the purposes of determination of ALP appears justified. No substantial question of law
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