present dispute: (i) Infosys Ltd,
(ii) Wipro Technology Services Ltd., (iii) Persistent Systems Ltd. and (iv)
Thirdware Solutions and Sales Ltd. By taking the aforesaid ... related party
transactions, making the company an unviable comparable . As regards
Persistent Systems Ltd, the Tribunal examined its Annual Report and
observed that no segmental
list of comparables, which are: (i) Infosys
Technologies Ltd., (ii) Persistent Systems Ltd. and (iii) Wipro Technology
Services Ltd. He submits that Persistent Systems ... exclude Infosys Technologies Ltd. from the list of comparables.
(iii) Persistent Systems Ltd.
41. Though this company was included by the assessee in its list
iGate
Global Solutions Ltd., M/s.Mindtree Ltd.,
M/s.Persistent System Ltd., M/s.Sasken
Communication Technologies Ltd., M/s Tata
Elxsi ... Persistent Systems Ltd.,
M/s.Sasken Communication Technologies
Ltd., M/s Tata Elxsi Ltd., M/s. Wipro Ltd.,
and M/s. Infosys Ltd., as comparables
directing the assessing authority to
exclude comparable such as Persistent Systems
Ltd., Wipro Ltd., Flextronics Software Systems
Ltd., I-gate Global Solutions Ltd., Ishir Infotech
exigency and urgency had been established for following a prolonged and persistent system of accepting and repaying loans only in cash.
5. Sections 269SS , 269T ... exigency or urgency had been established to follow a prolonged and persistent system of accepting and repaying loans only in cash.
9. The Assessing Officer
Infosys Ltd., 3)
Larsen & Toubro Infotech Ltd., 4) Persistent
Systems & Solutions Ltd., 5) Persistent Systems
Ltd., 6) Sasken Communication Technologies
Kals
Information Systems Ltde (seg), Lucid Software
Ltd, Wipro Ltd (seg), Accel Transmatic Ltd (seg),
Avani Cimcon Technologies Ltd, Flextronics
Software Systems ... Helios& Matheson
Information Technology Ltd, Ishir Infotech Ltd,
Persistent Systems Ltd, Sasken Communication
Technologies Ltd (Seg), Tata Elxsi Ltd (seg) ,
Thirdware Solutions
Solutions Ltd (Seg)
2 Infosys Ltd
3 Mindtree Consulting ltd
4 Persistent Systems Ltd
5 R Systems International Ltd
6 Sasken Communication ... these, iGate Global Solutions
Ltd., (seg), Infosys Ltd., Mindtree Consulting
Ltd., Persistent Systems Ltd., Sasken
Communication Ltd., (seg) and Flextronics
Software Systems Ltd., had turnover
Purchase and Sale of large quantity of shares of HCL
Technology, Persistent Systems and Tech Mahindra in the month
of March 2015. In all these ... Technologies
11/03/2015
6. Persistent 26,700 1:1 09.03.2015 50133327 18.03.2015 20580036 -29553291
System
Total 249950494 114358431 -135592063
From the above
exigency or urgency has been established to
follow a prolonged and persistent system of accepting and repaying
loans only in cash. The assessees
