Lastly Eclerx does not satisfy turnover criteria as, against the
Assessee's turnover of Rs.26 crores, the turnover of Eclerx
Services ... greater than the 10
times turnover of the assessee.
There are various court rulings wherein 10 times turnover criteria
is considered for eliminating comparables
Ubs Securities India P.Ltd, Mumbai vs Acit Cir 4(2), Mumbai on 16 March
Hero Motocrop Ltd., New Delhi vs Acit, Circle- 11(1), New Delhi on 13 April
Dcit, New Delhi vs M/S. Dabur India Ltd., New Delhi on 18 February, 2021
M/S Continental Automotive Components ... vs Assistant Commissioner Of Income Tax ... on 24 November, 2021
Coastal Gujarat Power Limited vs Central Electricity Regulatory ... on 27 April, 2021
IN THE APPELLATE
Acit, Central Circle- 30, New Delhi vs Prakash Industries Ltd., Hisar on 18 June, 2021
M/S. N.R. Finance Pvt. Ltd., Indore vs The Dcit, (Central)-1, Indore on
Sulzer Pumps India Ltd, Navi Mumbai vs Dcit 15(3)(2), Mumbai on 23 March
The Dcit, Circle-8,, Ahmedabad vs Sintex Industries Ltd.,, Ahmedabad on 8 April, 2021
IN
