Karnataka HC: Rs 22,915 crore brand keeps Infosys off software firm comparables, 2013 Revenue appeal dismissed
A division bench led by Chief Justice Vibhu Bakhru upheld the Tribunal decision to drop eight companies, including Infosys, Wipro and Tata Elxsi, from the transfer pricing benchmark for Logica Private Ltd for assessment year 2007-08, and backed a 15 per cent related-party filter, holding that size and brand change margins and that none of the Revenue questio