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
cost ratio of 28.52%.
S. No. Company Name OP/OC%
1 Persistent Systems and Solutions Ltd. 22.12
2 Larsen & Turbo Infotech ... Persistent Systems Ltd. 23.08
4 Sasken Communication Technologies 24.36
Ltd.
5 Zylog Systems Ltd. 28.74
6 Wipro Technologies Ltd. (Wipro 54.42
Technologies Services Ltd.)
Average
Systems & Services Ltd. and Accentia Technologies Ltd.
in ITES segment and sought exclusion of Infosys Technologies
Ltd., Wipro Limited, Kals Info Systems Ltd., Persistent ... Megasoft Ltd 60.23%
15 Mindtree Ltd. 16.90%
16 Persistent Systems Ltd. 24.18%
17 Quintegra Solutions Ltd. 12.56%
18 R S Software (India
margin
(Adjusted
OP/OC) I
Acropetal Technologies Ltd. 20.75% 17.99%
Persistent Systems & 22.21% 17.90%
Ltd. [Merqed] Ltd. I
Evoke Technologies ... comparable
to the appellant:
(i) Persistent systems Ltd
(ii) Sasken Communication Technologies Ltd.,
(iii) Zylog systems Ltd.,
(iv) Persistent systems and solutions Ltd
(v) Wipro
less than 25% to
Ltd. total sales: Hence
Rejected.
5. Maveric Systems Ltd. Different functional
profile. Hence rejected.
6. R.S.Software (India) Ltd. Accepted ... Toubro Infotech Ltd. (seg.) 27.16
10. Lucid Software Ltd. 11.10
11. Persistent Systems Ltd. 26.92
12. Sankhya Infotech Ltd. 5.68
13. Sasken Communication Technolgoies
viii. LGS Global Ltd.
ix. Mindtree Limited (Segmental)
x. Persistent Systems Pvt. Ltd.
xi. Quintegra Solutions Limited
xii. R System International Limited
xiii. Softsol India
Jcit, New Delhi vs M/S. Steria India Pvt. Ltd., Noida on 17 November, 2020
Infosys Ltd.
d) Larsen & Toubro Infotech Ltd.
e) Persistent Systems Ltd.
f) Persistent Systems & Solutions Ltd.
g) Sasken Communication Technologies Ltd.
h) Wipro ... Income Tax Rules, the data of M/s Persistent Systems Ltd- could
not have been included. Here, it is urged that the assessee is also
comparable.
14 Mindtree Ltd. (Segment) This is a suitable comparable.
15 Persistent Systems Ltd This is a suitable comparable.
16 RS Software (India ) Ltd. This ... Larsen & Turbo infotech Ltd.
4 Mindtree Ltd. (Segment)
S Persistent Systems Ltd.
6 R S Software (India ) Ltd.
7 Sasken Communication Technologies
Persistent Systems Ltd., (ii) Tata Elxsi Ltd., (iii) E-Infochips
Bangalore Ltd., (iv) Infinite Data Systems Pvt. Ltd. & (v) Zylog
Systems Ltd. and also ... Persistent
Systems Ltd., (ii) Tata Elxsi Ltd., (iii) E-Infochips Bangalore
Ltd., (iv) Infinite Data Systems Pvt. Ltd. & (v) Zylog Systems
