TP -Giant companies are not comparable with smaller pygmy companies

Patni Telecom Solutions vs. ACIT (ITAT Hyderabad), ITA.No.1846/Hyd/2012, Date of pronouncement: 25.04.2013 With regard to ground No.3 the learned Counsel appearing on behalf of the assessee Shri A.V.Raghuram argued that the case of the assessee is not comparable with Infosys Technologies Ltd. and Wipro Ltd. The learned Counsel pointed out that the segmental turnover of Infosys was at Rs.156,48,00,00,000/- and that of Wipro is at Rs.112,58,490,000/-. The learned Counsel relied on the decision of the Delhi ITAT Bench in the case of Agnity India Technologies ITA.No.3856/D/2010 for the assessment ...