expenditure combined) are >25% of sales --
7. excluded
Companies having persistent losses / diminishing revenues
for the period under consideration-- excluded
8. Companies having different ... Unadj) Adj)
1 Bodhtree Consulting Ltd. 24.85 23.16
2 Lanco Global Systems Ltd. 13.65 10.16
3 Exensys Software Solutions Ltd. 70.68 64.14
4 Sankhya Infotech
KALS Information Systems Ltd. (Seg.)
11. Lucid Software Ltd.
12. Persistent Systems Ltd.
13. Tata Elxsi Ltd. (Seg.)
14. Thirdware Solutions Ltd.
15. Wipro ... KALS Information Systems Ltd. (Seg.)
11. Lucid Software Ltd.
12. Persistent Systems Ltd.
13. Tata Elxsi Ltd. (Seg.)
14. Thirdware Solutions Ltd.
15. Wipro
Services Ltd. 11.82
11. Larsen & Toubro Infotech Ltd. 19.78
12. Persistent Systems Ltd. 30.41
13. Tata Elxsi Ltd. 15.47
Mean 22.01
Since, arithmetic mean ... four companies as comparables viz. Infosys Ltd.,
Sonata Software Ltd, Persistent Systems Ltd. and Thirdware Solutions Ltd. The ld.
Authorized Representative of the assessee submitted
company as a
comparable and accordingly erred in excluding the
comparables Persistent Systems Ltd., Zylog Systems Ltd.,
Mindtree Ltd, L & T Infotech, Infosys ... Respondent
besides otherwise failing the test of comparability.
d)The Persistent Systems Ltd. Infosys Technologies
Ltd. And L&T Infotech Ltd. (which were excluded
Lucid Software Limited 16.50%
9. Mindtree Limited (segmental) 17.51%
10. Persistent Systems Ltd. 27.70%
11. Quintegra Solution Ltd. 21.74%
12. RS Software Limited ... Infosys Technologies Ltd., 3K
Technologies Ltd., KALS Information Systems (Seg.), Persistent
Systems Ltd., Bodhtree Consulting Ltd. and Zylog Systems Ltd..
14. Before examining the comparability
Systems Limited
ii. Bodhtree Consulting Limited
iii. Tata Elxsi Limited
iv. Persistent Systems Limited
v. Larsen & Toubro Infotech Limited
vi. Infosys Technologies Limited
Inclusion ... Systems Ltd.
ii) Bodhtree Consulting Ltd.
iii) Tata Elxsi Limited
iv) Persistent Systems Ltd.
v) Larsen & Toubro Infotech Ltd.
vi) Infosys Technologies
Persistent Systems & Solutions 189,490,457 155,172,089 22.12%
Ltd.
10 Persistent Systems ... Infotech Ltd.
3. MindTree Ltd.
4. Persistent Systems Ltd.
5. Sasken Communication Technologies Ltd.
6. Tata Elxsi Ltd.
IT(TP)A No.411/Bang/2016
company:
i) Infinite Data System Private Limited
ii) Infosys Limited
iii) Persistent Systems Limited
iv) Sonata Software
v) Tata Elxsi
vi) Zylog Systems Limited ... Infosys Limited 45.47%
4. Mindtree Ltd. (Segment) 13.92%
5. Persistent Systems Limited 29.02%
6. Quintegra Solutions Ltd. -8.20%
7. R S Software (India
Larsen & Turbo Infotech Ltd (2959.5 Cr)
iii. Persistent Systems Ltd (810.36 Cr)
2.2 The Hon'ble DRP ought to have appreciated that even ... Software India Ltd 15.31
Larsen & Toubro Infotech 23.82
Persistent Systems Ltd 24.59
Thirdware Solutions Ltd 28.18
Goldstone technologies ltd 10.88
CTIL Umited 15.83
Acropetal
Infotech Ltd. 24.34
7. Mindtree Ltd. (seg.) 16.21
8. Persistent Systems Ltd. 28.73
9. RS Software India Ltd. 15.41
10. Sasken Communication 17.00
Technologies ... said company from the list of
comparables as comparable.
2. Persistent Systems Ltd.:
2.1 Objecting to the aforesaid company as comparable
