Pr. Commissioner Of Income Tax -Vi, vs M/S Sunquest Information on 19 July, 2018
"19. As regards the comparable company
at Sl.No.7 viz Geometric Ltd. is concerned, the ld
counsel for the assessee has relied upon the
Date of Judgment 19-07-2018 I.T.A.No.673/2015
Pr. Commissioner of Income Tax-VI & Anr. Vs.
M/s. Sunquest Information Systems (India) Private Limited
9/12
decision of this tribunal in the case of 24/7
customer Com private Ltd. In ITA
No.227/Bang/2010 on the ground that it exceeds
related party transactions of more than 15% and
therefore is not comparable to the assessee. We
find that this tribunal in the case of 24/7
customer Com private Ltd.(supra), has followed
the decision of this tribunal at Delhi in the case of
Sony India (P) Ltd. in 2008-TIOL-439-ITAT-Delhi
dt.23-12-2008 wherein it was held as under: