Karnataka High Court rules Infosys and Wipro cannot benchmark smaller software firms in transfer pricing
The Karnataka High Court has ruled that industry giants like Infosys and Wipro cannot be compared to smaller software enterprises for transfer pricing assessments. The decision establishes that disparities in scale, brand value, and turnover disqualify large IT firms from serving as valid comparables for boutique operators. Finance professionals must review benchmarking studies to ensure compliance with this judicial precedent.
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