Mindtree Ltd. 590.35 16.90% P
19 Persistent Systems Ltd. 293.75 24.52% P
20 Quintegra Solutions Ltd. 62.72 12.56% P
21 R S Software (India ... Ishir
Infotech Ltd, Kals Information Systems Ltd (seg), Lucid Software Ltd, Persistent Systems
Ltd, Quintegra Solutions Ltd, Tata Elxsi Ltd (seg), Thirdware Solutions
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
Cigniti Technologies Limited 27.62
3 Mindtree Ltd. (in millions) 21.64
4 Persistent Systems Ltd. (in millions) 22.99
5 R S Software (India) Ltd. (in lakhs ... excluded in SWD services segment viz., (i) Infosys
Ltd., (ii) Persistent Systems Ltd., (iii) Thirdware Solutions Ltd., (iv) Larsen
& Toubro Infotech
software
products and services and earns a margin of 57.95%.
d) Persistent Systems Limited - The Company is involved in the business
of software product development ... favour of the Assessee.
21. Ground No. 5: Rejection of Persistent Systems Limited: -
12
IT(TP)A No. 25/Chny
reason to object
to a company identified by TPO namely, Persistent Systems.
According to TPO, this argument of the assessee is inconsistent and
can only ... reason to object to a
comparable identified by the TPO, namely, Persistent Systems. Hence this
argument of the assessee is inconsistent and can only
dissimilar to the Appellant:
a) Larsen & Toubro Infotech Ltd;
b) Persistent Systems Ltd
c) Thirdware Solutions Ltd
8. In the facts and circumstances ... exports 12.29
6 ICRA Techno Analytics Ltd 20.81
7 Persistent Systems 31.94
8 Thirdware Solutions 36.98
9 L & T infortech. 25.86
Average 20.09
whose
considered while
computing the margins of the company. - 23.11%
12. Persistent Systems Ltd
The Company operates into two segments namely, software product
development and product ... Software Systems Ltd (Seg), Helios
& Matheson Information Technology Ltd, Infosys Technologies Ltd, Ishir
Infotech Ltd, Kals Information Systems Ltd, Lucid Software Ltd, Persistent
Systems
Thinksoft Global Services Ltd. 15.21%
8 Acropetal technologies ltd. 30.65%
9 Persistent Systems & Solutions Ltd. 12.85%
10 Vrinchi Technologies Ltd. 18.91%
11 FCS Software ... considered as comparable. The 9th comparable is M/s.Persistent
Systems & Solutions Ltd. - the details of the same have not been placed
before
ICRA Techno Analytics Ltd., Kals Information
Systems Ltd., and Persistent Systems and Solutions Ltd. As far as the
comparability of these 3 companies with ... assessee. Vide paragraph
61 of the very same order, Persistent Systems and Solutions Ltd., was held to be
not comparable for the reason that
decision of ITAT,
Bangalore in the case of M/s. Genisys Integrating Systems (India) P. Ltd.,
vs. DCIT , [2012] 53 SOT 159, but fact remains ... cannot be
compared with giant companies like Mindtree Ltd., Persistent Systems Ltd.,
R S Software (India) Ltd., etc., which are having huge turnover. Further
