2019 (7) TMI 311

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..... said comparable is its wide ranging clientele. As found to be providing hi-tech engineering consulting and product innovation services, not just to software developers but also to other sectors like aerospace, defence, healthcare, media and broadcast, medical devices, security and surveillance etc. The exclusion of the said comparable cannot, therefore, be said to be unjustified. Infinite Data .....

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..... filing the appeal) 1. For the reasons explained in the applications, the delay in filing and re-filing the appeal is condoned and the applications are allowed. ITA 553/2019 2. The Revenue is in appeal against the order dated 20th August 2018 passed by the ITAT in ITA No. 121/Del/2015 for the AY 2010-11. 3. The Revenue s grievance is about the ITAT ratifyin .....

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..... ce etc. The exclusion of the said comparable cannot, therefore, be said to be unjustified. 5. Even as regards the second comparable that has been excluded, viz., Infinite Data Systems Private Limited, the ITAT has based its conclusions on a detailed analysis of the profile of the said comparable vis-a-vis the Assessee. 6. The legal position as regards the choice of comparables .....

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