Karnataka HC Upholds exclusion of Infosys & TCS due to huge size & turnover

PCIT Vs Robert Bosch Engineering and Business Solutions Pvt. Ltd. (Karnataka High Court) Karnataka HC Upholds exclusion of Infosys BPO & TCS E-Services on ground of huge size and turnover Facts: Robert Bosch Engineering and Business Solutions Pvt. Ltd. is an Indian company that provides software and IT enabled services only to its parent/group companies abroad. It works as a captive service provider, meaning it earns a fixed profit margin and does not take big business risks. For Assessment Year 2012–13, the tax department examined whether the company’s international transactions we...