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2020 (12) TMI 1191 - AT - Income TaxTP Adjustment - comparable selection - HELD THAT:- Persistent Systems Limited - As segmental details were not available and it cannot be included in the list of comparables. Accordingly, we direct the TPO/Assessing Officer to exclude the company from the list of comparables. Sasken Communication Technologies Limited - As considered as not comparable in the case of LG Software India Pvt. Ltd. [2020 (8) TMI 832 - ITAT BANGALORE] in the Assessment Year 2011-12 on the reason that the company is functionally distinguishable to the assessee's company since Sasken Communication Technologies is dealing with the Media Products and R & D activities with no break up of segmental information. Accordingly, we direct the TPO/Assessing Officer to exclude this company from the list of comparables. Evoke Technologies Limited - When both the Assessee and the revenue seek inclusion of this company, there was no valid basis for the DRP to suo motto exclude this company from the list of comparable companies. In the decision cited STERLING COMMERCE SOLUTIONS INDIA PRIVATE LTD. [2020 (2) TMI 1279 - ITAT BANGALORE]such as the Assessee, this company was held to be a valid comparable company and included in the list of comparable companies. We therefore direct inclusion of this company in the list of comparable companies.
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