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2019 (7) TMI 1921 - AT - Income TaxTP Adjustment - Exclusion of companies from list of comparables (software Development Services segment - Comparability of M/s. Larsen & Toubro Infotech Ltd., and M/s. Persistent Systems Ltd., to an assessee who only provides software development services to its AEs; like the assessee in the case on hand - HELD THAT:- We find that a Co-ordinate Bench of this Tribunal in the case of CGI Information Systems & Management Consultants Pvt. Ltd. where the assessee was also providing software development services to its AEs; in its order in [2018 (4) TMI 1755 - ITAT BANGALORE], considered the comparability of Larsen & Toubro Infotech Ltd., and Persistent Systems Ltd., and directed the exclusion of these two companies.
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