with respect to inclusion of Infosys
Ltd. and `LGS Global Ltd., respectively.
20. The learned authorized representative on the behalf of the assessee
had submitted ... conformity with the judgement passed
by the coordinate bench.
LGS Global Ltd. :
23. With respect to LGS Global Ltd., the following ground was raised
That the AO/TPO erred in rejecting LGS Global
limited and Power Soft Global Solutions Limited for
non-availability of data in the public domain ... erred in rejecting Akshay
Software Technologies Ltd., CG Vak Software & Export
Ltd., LGS Global Ltd., Goldstone Technologies Ltd.,
Powersoft Global Solutions Ltd., R Systems
Ltd.
LGS Global Ltd.,"
Maveric Software Ltd.
Thinksoft Global Services Ltd.
Silverline Technologies Ltd.
Evoke Technologies Ltd
R S Software India Ltd ... LGS
Global Ltd., Evoke Technologies Ltd., and R S Software India Ltd. as
comparable companies. The DRP upheld exclusion of LGS Global Ltd
Technologies 9%
Ltd.
2. Compulink Systems Ltd. -7%
3. FCS Software Solutions Ltd. 39%
4. Goldstone Technologies Ltd. 12%
5. LGS Global Ltd ... appeal.
1. LGS Global Limited.,
2. KALS Information Systems Ltd.,
3. Akshay Software Technologies Ltd.,
37. LGS Global Limited
We have heard both the parties
Lgs Global Ltd, Hyderabad vs Assessee on 27 June, 2014
1
ITA NO. 1885/H/2011
LGS Global Ltd.
IN THE INCOME TAX APPELLATE TRIBUNAL ... JUDICIAL MEMBER
ITA No. 1885/Hyd/2011
Assessment Year : 2007-08
LGS Global Ltd., Hyderabad. vs. Asst. Commissioner of Income-
PAN - AAACL5827B. tax, Circle
software & Exports Ltd., Goldstone Technologies Ltd., Thinksoft Global Services
Ltd., Cat Technologies Ltd., LGS Global Ltd., R. Systems International Ltd., and Blue
Star Infotech ... software & Exports Ltd., Goldstone Technologies Ltd., Thinksoft Global
Services Ltd. Cat Technologies Ltd., LGS Global Ltd., R. Systems International Ltd.,
28
and Blue Star
Software Technologies Ltd.
M/s.CG-VAK Software & Exports Ltd
Evoke Technologies Pvt.Ltd
Helios & Matheson Information Technology Ltd.
LGS Global Ltd ... Ltd., 2) Infosys Ltd., 3)
Larsen & Toubro Infotech Ltd., 4) Persistent Systems & Solutions Ltd.,
5) Persistent Systems Ltd., 6) Sasken Communication Technologies
Ltd
Ltd. P 8.64%
2. Compulink Systems Ltd. P -7.08%
3. FCS Software Solutions Ltd. P 38.97%
4. Goldstone Technologies Ltd. P 12.49%
5. LGS Global ... Data Systems 88.25
Pvt. Ltd. [Merged]
vi. Infosys Ltd. 45.08
vii. Larsen & Toubro 20.48
Infotech Ltd,
viii LGS Global Ltd 12.79
ix. MindtreeLtd
Exports Ltd.
3 Goldstone Technologies Ltd
4 KLG Systel Ltd.
5 Intertech Communications Ltd
6 Larsen & Toubro Infotech Ltd
7 LGS Global Ltd ... alleged for Exclusion
Persistent Systems and solutions Ltd
Persistent Systems Ltd
Comparables alleged for Inclusion
LGS Global Ltd
Evoke Technologies Ltd
Mindtree Ltd
FCS Software
Limited 19.14
3. e-zest Solution Limited 28.95
4. Flextronics (Ancient Technologies Limited) 8.07
5. Igate Global Solution Limited 13.9
6. Infosys 40.41
7. LGS ... InfosysTechnologies Ltd.;
ii) Wipro Limited;
iii) Kals Info System Limited (Seg);
iv) Persistent Systems Ltd.,
v) Avani Cimcon Technologies Limited;
vi) LGS Global Limted
