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2020 (3) TMI 872 - AT - Income TaxTP Adjustment - comparable selection - whether the “turnover filter” cannot be a criteria for exclusion of comparable companies? - HELD THAT:- In the case of Neilsen Sports India P Ltd [2019 (6) TMI 1396 - ITAT BANGALORE] the co-ordinate bench, by following the decisions rendered by other co-ordinate benches, has applied the turnover filter for examining the comparability of companies. In the instant case, the assessee shall fall under the category of companies having turnover of 1 – 200 crores, while the two comparable companies referred above do not fall under the above said category. Accordingly, by following the decision rendered by the co-ordinate bench in the case of Genisys Integrating Systems [2011 (8) TMI 952 - ITAT BANGALORE] we direct the AO/TPO to exclude both M/s Larsen & Toubro Infotech Ltd and M/s Persistent Systems Ltd.
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