M/S. ATMECS TECHNOLOGIES PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(1)(1), BANGALORE
In the result, appeal of the assessee is partly allowed
ITA 187/BANG/2021[2016-17]Status: DisposedITAT Bangalore20 Dec 2021AY 2016-17
Bench: Shri N.V. Vasudevan & Shri Chandra Poojariit(Tp)A No.187/Bang/2021 Assessment Year : 2016-17 M/S. Atmecs Technologies Private Limited, Vs. The Income Tax Officer, Flat No.301, M J Towers, H-No.8-2-698, Ward -1(1)(1), Road No.12, Bengaluru. Banjara Hills, Hyderabad, Telangana – 500 034. Pan : Aamca 0792 J Appellant Respondent Appellant By : Shri. P.V.S.S.Prasad, Ca Respondent By : Shri. Arunkumar, Cit(Tp-2)(Dr)(Itat), Bengaluru Date Of Hearing : 14.12.2021 Date Of Pronouncement : 20.12.2021 O R D E R Per N. V. Vasudevan: This Appeal By The Assessee Is Directed Against The Final Order Of Assessment Dated 30.3.2021 By The National E-Assessment Centre, Delhi, (Hereinafter Referred To As The Assessing Officer, “Ao” In Short) Passed U/S.143(3) Read With Section 144C(13) Of The Income Tax Act, 1961 (Act) In Relation To Ay 2016-2017. 2. The Assessee In Engaged In The Business Of Provision Of Software Development Services (Swd Services), To It’S Associated Enterprises
For Appellant: Shri. P.V.S.S.Prasad, CAFor Respondent: Shri. Arunkumar, CIT(TP-2)(DR)(ITAT), Bengaluru
Section 143(3)Section 144C(13)Section 92(1)Section 92B(1)Section 92C
10 is with regard to specific choice of comparable companies. The learned counsel restricted his arguments to adjudication of exclusion of only the following 8 companies, viz.,
(a) Infosys Ltd.
(b) Larsen & Toubro Infotech Ltd
(c) Persistent Systems Ltd
(d) Aspire Systems (India) Pvt Ltd
(e) Thirdware Solution Ltd.
(f) Cybage Software Pvt Ltd.
IT(TP)A No.187/Bang/2021
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