| The Tax Publishers2019 TaxPub(DT) 3784 (Hyd-Trib) INCOME TAX ACT, 1961
Section 92C
Due to various factors such as its size, turnover, brand value, scale of operation, diversified activities and owning of intangibles, Infosys Technologies Limited. could not be considered as comparable with that of a captive service provider like assessee.
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Transfer pricing - Determination of ALP - Selection of comparables - Size, brand value and diversified activities
Assessee rendered software development services to its AE abroad. TPO considered Infosys Technologies Ltd. as comparable to assessee's case. Held: Due to various factors such as its size, turnover, brand value, scale of operation, diversified activities and owning of intangibles, Infosys Technologies Limited. could not be considered as comparable with that of a captive service provider like assessee.
Relied:CIT v. Agnity India Technologies Pvt. Ltd. (2013) 85 CCH 146 : 2013 TaxPub(DT) 2693 (Del-HC), M/s. Foursoft Limited [ITA No. 1903/H/2011) : 2014 TaxPub(DT) 3038 (Hyd-Trib), Conexant System India (P.) Ltd. [ITA 1978/H/2011] , Virtusa (I) (P.) Ltd. [ITA No. 1962/Hyd/2011] : 2013 TaxPub(DT) 2441 (Hyd-Trib), Telcordia Technologies India (P.) Ltd. [ITA.7821/Mum/2011] : 2012 TaxPub(DT) 2586 (Mum-Trib) (e) Triology E-Business Solutions [ITA No. 1054/Bang/2011] : 2013 TaxPub(DT) 0580 (Bang-Trib) (f) Adaptec (India) (P.) Ltd. v. Dy. CIT [ITA No. 1801/Hyd/2009] : 2013 TaxPub(DT) 1332 (Hyd-Trib), Trinity Advanced Software Labs (P.) Ltd. v. ACIT [ITA No. 1129/Hyd/2005], Invensys Development Centre India (P.) Ltd. v. Asstt. CIT (2015) 53 taxmann.com 76 (Hyd.-Trib), 3DPLM Software Solutions Ltd. v. Dy. CIT (2014) 42 Taxmann.com 333 (Bang.-Trib) and Cash Edge India (P.) Ltd. v. ITO (2014) 151 ITD 717 (Del-Trib).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2008-09
INCOME TAX ACT, 1961
Section 92C
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