Bodhtree Consulting Ltd - on the ground of functionality
(ii) Exensys Software Solutions Ltd. - making abnormal profits
(iii) Thirdware Solutions Ltd. - on the ground of turnover ... crores, the CIT(A) rejected the companies viz., (i)
iGate Global Solutions, (ii) Flextronics Software Systems Ltd.,
(iii) L&T Infotech Ltd., (iv)Satyam
Lanco Global Systems Ltd
4 Mindtree Consulting Ltd
5 Quintegra Solutions Ltd
6 R S Software (India) Ltd
7 SIP Technologies and Exports ... facts in considering them
as comparable companies :
i. E-Zest Solutions Limited
ii. Quintegra Solutions Limited
iii. Helios and Matheson Information Technology Limited
Innoviti Payment Solutions Pvt Ltd , ... vs The Income Tax Officer Circle-3(1)(1), ... on 9 January, 2019
IN THE INCOME TAX APPELLATE TRIBUNAL ... 1278/Bang/2018
(Assessment year : 2014 - 15)
M/s. Innoviti Payment Solutions Pvt. Ltd., Appellant
No. 41, 2nd & 3rd Floor, NGR The Edge
Avani Cimcon Technologies Ltd.
iii. Celestial Labs Ltd. iv. E- Zest Solutions Ltd.
v. Flextronics Software Systems Ltd. vi. Ishir lnfotech Ltd.
vii. KALS Information ... Megasoft Ltd. x. Persistent Systems Ltd.
xi. Tata Elxsi Ltd. xii. Thirdware Solution Ltd.
xiii. Helios & Matheson Information Technology
Business Solutions India ... vs Income Tax Officer, Bangalore on 3 November, 2017
IN THE INCOME TAX APPELLATE TRIBUNAL,
BANGALORE BENCH 'C'
BEFORE SHRI ... Bang/2017
(Assessment Year : 2012-13)
M/s. e4e Business Solutions India Pvt. Ltd.,
5th Floor, Vakil Square, Bannerghatta Road,
Bengaluru. ....... Appellant
PAN - AAACI 6324A
Bodhtree Consulting Limited 10.37
3. Celestial Biolabs 20.21
4. e-Zest Solutions Ltd 7.66
5. Infosys 15,672.00
6. Kals Information Systems Limited ... Global Limited 136.52
8. Lucid Software Limited 2.35
9. Quintegra Solution Limited 89.88
10. R Systems International (Seg.) 144.56
11. R S Software (India) Limited
company as a comparable,
and accordingly erred in excluding iGate Global Solutions Ltd,
F1extronics. L&T Infotech Ltd, Satyam Computers Ltd, M/s Infosys ... following
grounds:
• Functional dissimilarity
2. The Ld. CIT(A) while rejecting Thirdware Solutions Ltd., on
RPT being more than 0%, has grossly erred
that it is pure software service provider however, this company offered
software solutions, software development, consultancy and information
technology to various clients. He has referred ... revenue from various
activities which includes software products such as portal builder solutions for
destination, association, insurance for travel industry etc. He has relied upon
Rejected
4. H C L Technologies Ltd. 36.82% Rejected
5. Hinduja Global Solutions Ltd. 21.14% Rejected
6. Maple Esolutions Ltd. 17.33% Rejected
7. Optimus Global ... Accepted
4. Persistent Systems Ltd. 18.17% Accepted
5. Prithvi Information Solutions Ltd. 10.39% Rejected
6. R S Software (India) Ltd. 6.49% Accepted
7. R Systems
2012 Page - 19
7.2. The assessee submitted that the comparables, E-Zest Solution ltd,
Persistent Systems Ltd, Quintegra Solution Ltd, Thirdware Solution Ltd and
Lucid ... them, it relied
on this Tribunal decision in M/s. 3DPLM Software Solutions Ltd v. DCIT
IT(TP)A.1303/Bang/2012
