Summary
- The Karnataka High Court has upheld the validity of the upper turnover filter in transfer pricing cases.
- This ruling affirms the exclusion of Infosys and Persistent Systems as comparables in transfer pricing assessments.
- The decision reinforces the criteria for selecting appropriate comparables, impacting how companies approach transfer pricing.
- Legal experts suggest this may influence future assessments and compliance strategies in the sector.
Join the discussion ā sign up to comment, upvote, and save articles.