Zylog Systems Ltd vs M/S.State Bank Of India on 7 October, 2016
Author: S.Manikumar
Bench: S.Manikumar , N.Authinathan
THE HIGH COURT ... Zylog Systems Ltd.,
rep. by its Official Administrator,
Justice S.Rajeswaran,
Chennai. .. Petitioners
versus
M/s.State Bank of India,
SAM Branch,
Red Cross Buildings
Zylog Plastalloys Private Limited vs Respondent(S) on 14 December, 2016
Author: Abhilasha Kumari
Bench: Abhilasha Kumari
O/COMP/526/2016 ORDER
IN THE HIGH ... COURT OF GUJARAT AT AHMEDABAD
COMPANY PETITION NO. 526 of 2016
================================================================
ZYLOG PLASTALLOYS PRIVATE LIMITED....Petitioner(s)
Versus
......Respondent(s)
================================================================
Appearance:
MR NAVIN K PAHWA
Zylog Plastalloys Private Limited vs Respondent(S) on 21 December, 2016
Author: Abhilasha Kumari
Bench: Abhilasha Kumari
O/COMP/526/2016 ORDER
IN THE HIGH ... COURT OF GUJARAT AT AHMEDABAD
COMPANY PETITION NO. 526 of 2016
===========================================================
ZYLOG PLASTALLOYS PRIVATE LIMITED....Petitioner(s)
Versus
......Respondent(s)
================================================================
Appearance:
THAKKAR AND PAHWA ADVOCATES
Zylog Plast Alloys P. Ltd, Mumbai vs Assessee on 16 February, 2016
IN THE INCOME TAX APPELLATE TRIBUNAL "G" BENCH, MUMBAI
BEFORE SHRI ... 7892/M/2011
(Assessment Year: 2005-2006)
Mrs. Zylog Plast Alloys Pvt फनाभ/ DCIT - 7(3),
Ltd., Aayakar Bhavan,
Vs.
C/o. Jitedra Shah
Services Ltd. 17-35%
11. Wipro Technology Services Ltd 73-35%
12. Zylog Systems Limited 25.07%
AVERAGE 23.14%
10. Before us on this issue ... systems Limited
(b) Sonata Software Limited
(c) Wipro Technology services ltd
(d) Zylog Systems Limited
11. We have heard the parties on these comparables
Software (India) Ltd, Sasken Communications
Technologies Ltd, and Zylog Systems Ltd, none of the other comparables
selected by the assessee were appropriate ... Tata Elxsi Ltd (seg), Sasken Communication
Technologies Ltd (seg), Persistent Systems Ltd, Zylog Systems Ltd,
Mindtree Ltd (seg), L & T Infotech and Infosys Technologies
Wing, Shastri Bhavan,
26 Haddows Road, Chennai 600 006
4. M/s. Zylog Systems Ltd.,
Represented by its Managing Director,
No.155 Thiruvalluvar Street, Kumaran ... Nagar,
Sholinganallur, Chennai 600 119
5. Sudharshan Venkatraman, Former Director,
M/s. Zylog Systems Ltd.,
15 Arbor Circle Edison, New Jersey 08837,
United States
under :
Sl.No. Name of the company Margin %
1 Zylog Systems 19.06
2 Evoke Technologies Ltd. 18.75
3 E-Zest Solutions ... comparable
companies;
i. Persistent Systems Limited
ii. Sasken Communication Technologies Limited
iii. Zylog Systems Limited"
iv.
In the above circumstances the Petitioner prays that
company as
comparable on segmental level. The impugned order is upheld.
x) Zylog Systems Ltd.
19.1. The TPO considered this company as comparable by noting ... that the TPO did
not confront the assessee with the inclusion of Zylog Systems Ltd. in
the set of comparables and it was a shock
Religare Technova Global Solutions 2009-10 19.28 -7.81 28.36 -27.54%
Ltd.
7 Zylog Systems (India) Ltd. 2009-10 1.25 0.01 1.31 0.76%
8 Cethar Consultancy ... further observed that only two companies, namely, Saven
Technologies Ltd. and Zylog Systems (India) Ltd. were having declining
sales considering March 2007 as the base
