considering the correct margin of Hartron
Communications Limited.
3. Microgenetics Systems Limited
3.1 On the facts and in the circumstances of the case ... upholding / confirming the action of the Ld. TPO in
selecting Microgenetics Systems Limited as a comparable.
3.2 On the facts and in the circumstances
Cadence Design Systems (India) Pvt. ... vs Acit, New Delhi on 2 April, 2018
IN THE
accepted the following
companies, i.e., Cosmic Global Limited, E4e Healthcare,
Microgenetics System Limited and Informed Technologies
Ltd, when the same were accepted by both ... Mastiff Tech P Ltd. 1,57,09,945 21.78
12 Microgenetics Systems 1,27,74,116 -0.22
Limited
13 TCS E-serve
rejecting:
a. Cosmic Global Limited,
b. Informed Technologies Limited and
c. Microgenetics Systems Limited
as comparable to that of the appellant company
while the same ... Informed Technologies Ltd &
v. Microgenetics Systems Ltd
c. Relief to be granted in respect of mark-up on
reimbursement of expenses
erred in directing to include M/s. Microgenetic Systems Ltd., as
fresh comparable without appreciating that assessee is not permitted
to make fresh search during ... issue raised
by the Revenue is against inclusion of M/s. Microgenetic Systems Ltd. as
fresh comparable in TP analysis.
6. Briefly, in the facts
Jindal Intellicome Ltd.,
xi. Mastiff Tech P Ltd.,
xii. Microgenetic Systems Ltd.,
xiii. TCS E-serve Ltd.,
3. The arithmetic mean of the above ... Mastiff Tech P Ltd.,
x. Cosmic Global Ltd.,
xi. Microgenetic Systems Ltd.,
4. After giving effect to the exclusion of above 11
comparables, the average
justified in directing the TPO to include the company M/s.
Microgenetics Systems Limited, in the list of comparables even though it
wasn ... raised by the revenue seems on the assumption that M/s.
Microgenetics Systems Ltd., has been directed to be included by the
CIT(Appeals), however
excluding the 8 comparable companies, the DRP has suo moto
excluded Microgenetic Systems Ltd and also excluded certain
other companies which according to the assessee ... case, the
learned AO/DRP has erred in excluding Microgenetic
Systems Ltd as a comparable, which is not objected by the
Respondent before
benchmarking ITeS segment
Excel Infoways Ltd.
Ninestars Information Technologies Ltd.
Microgenetic Systems Ltd.
Universal Print Systems Ltd.
19. That on the facts and circumstances
2334/Bang/2024
Ground No. 6: That Allsec Technologies Limited, Microgenetics Systems
Limited and R Systems International Limited ought to be included in the final ... company ought to be included as a comparable.
Inclusion of Microgenetics Systems Limited
54. The Learned AR submits that Microgenetics Systems Limited has been
wrongly
