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Name of Companies retained by TPO Companies retained by Reasons justifying the exclusion comparables CIT(A) of comparables by assessee Persistent 1. Appellant has failed to 1. Cannot exclude Persistent 1. Persistent Systems is a well demonstrate as to how turnover Systems on the basis of established leader in outsourced Systems affects the profitability and more turnover filter (Refer page 25 product development (Refer page 4 specifically that with the of the CIT(A) order) of the Annual report) increase in turnover profitability increases (Refer page 12 and 18 2. Differences between 2. Persistent Systems has made of the TP order) software services and software new investments in four thrust product as enunciated in AS areas: Cloud computing, analytics,