Larsen & Toubro Infotech Limited;
ii) Sasken Communications Technologies Limited;
iii) Persistent Systems Limited;
iv) Persistent Systems and Solutions Limited;
v) Thirdware Solutions Limited ... Global Limited 10.30%
9 Mindtree Limited (seg) 9.19%
10 Persistent Systems & Solutions Ltd 19.67%
11 Persistent Systems Ltd 24.57%
12 R S Software India
rejecting the comparable
viz. 1. Larsen Turbo InfoTech Ltd. 2. Persistent Systems Ltd,
3.Sasken Communication Technologies Ltd., 4. Zylog Systems
Ltd., 5. Wipro Technologies ... 2017
Persistent has undergone extra ordinary events during the year
under assessment as it has amalgamated with Persistent eBusiness
Solutions Ltd. and Persistent Systems
comparables. Such companies are as under:
(i). Infosys Technologies Ltd.
(ii). Persistent Systems Ltd.
(iii). R.S. Software India Ltd.
(iv) Tata Elxsi ... Infotech Ltd,
viii LGS Global Ltd 12.79
ix. MindtreeLtd. 16.62
x. Persistent Systems Pvt 30.50
Ltd.
xi. *Persistent Systems and 15.38
Solutions
into by the Appellant:
a) Cybercom Datamatics Information Solutions Ltd.
b) Persistent Systems Ltd.
c) Mindtree Ltd.
d) Larsen & Toubro Infotech Ltd.
e) Cigniti ... assessee is
contesting for deletion of the comparables namely:-
a. Persistent Systems Ltd
b. Larsen and Toubro Infotech Ltd
c. Sasken Technology Ltd
d. Cybercom
Global Ltd. 12.79 7.57
ix. Mindtree Ltd. 16.62 14.61
x. Persistent Systems Pvt. Ltd. 30.50 27.96
xi. Persistent Systems and Solutions ... from the other
company
2. In the case of assessee, Comparables Persistant system ltd. and Infosys Ltd.
are their own comparable and in the TPSR
Global Ltd. 12.79 7.57
ix. Mindtree Ltd. 16.62 14.61
x. Persistent Systems Pvt. Ltd. 30.50 27.96
xi. Persistent Systems and Solutions ... from the other
company
2. In the case of assessee, Comparables Persistant system ltd. and Infosys Ltd.
are their own comparable and in the TPSR
Global Limited 20.01%
11. Mindtree Limited 9.90%
12. Persistent Systems Limited 21.65%
13. Quintegra Solutions Limited 1.14%
14. R S Software (India) Limited 8.99%
Sasken ... Global Limited 8.82%
9. Mindtree Limited 15.85%
10. Persistent Systems Limited 29.21%
11. R S Software (India) Limited 11.53%
Sasken Communication Technologies 19.22%
12.
Limited
particular, erred in selecting
Infobeans Technologies Limited, Persistent Systems Limited, Larsen
and Toubro Infotech Limited. Mindtree Limited, Tata Elxsi Ltd and e-
Zest Solutions Limited ... SOFTWARE DEVELOPMENT SEGMENT
With regard to Exclusion of Infobeans Technologies Ltd., Persistent
Systems Ltd., Larsen and Toubro Infortech Ltd. and Mindtree Ltd.
(Concise Grounds
follows:
(i) Infosys Technologies Limited
(ii) Tata Consultancy Services Limited
(iii) Persistent Systems Limited
(iv) Sasken Communication Tech Limited
(v) Cat Technologies Limited
(vi) Thirdware ... 1460/Del/2014
Serco India Pvt. Ltd.
Persistent Systems Limited
49. It is submitted that Persistent Systems Limited, a bigger
company, is not comparable with
Toubro Infotech Ltd. 18.22
7 LGS Global Limited 12.13
8 Persistent Systems & Solutions Ltd. [Merged] 22.65
9 Persistent Systems ... Infochips Ltd.
ii) E-Zest Solutions Ltd.
iii) Infosys Ltd.
iv) Persistent Systems Ltd.
17
ITA Nos.473 & 193/Del/2016
v) Sasken Communication
