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Showing contexts for: symantec in Schlumberger India Technology Private ... vs Dcit Circle-6, Pune on 17 June, 2022Matching Fragments
17. No change in the facts was brought to our notice therefore, we hold that the decision of this Co-ordinate Bench of the Tribunal in the case of Velocity Tech-Sol India Pvt. Ltd. (supra) is squarely applicable to the facts of the present case. Accordingly, we direct the Assessing Officer/TPO to exclude this company 'Cybercom Datamatics Information Solutions' from the list of comparables.
18. Ground of appeal no.2 to 4 challenges the correctness of the decision of the ld. CIT(A) in holding that the company, MPS Limited is not comparable which is engaged in ITES services. The issue of comparability of this company 'MPS Limited' in relation to ITES segment was examined by the Co-ordinate Bench of the Tribunal in the case of Symantec Software India Private Limited vs. DCIT in ITA No.1824/PUN/2018 for A.Y. 2014-15 order dated 17.02.2020 wherein the Co-ordinate Bench of the Tribunal following the decision of the Mumbai Bench of the Tribunal in the case of Emerson Electric Company (India) Private Limited vs. ACIT in ITA No.6098/Mum/2018 & ITA No.531/Mum/2018 held as under :-