Held that giant risk taking company engaged in development and sale of software products and owns intangible assets. Company engaged in product development and earning revenue from trading of software licences and subscription, not to be included in list of comparables.(AY.2007-08)
Alcatel Lucent India Ltd. v. Dy. CIT (2022)95 ITR 314 (Delhi) (Trib)
S. 92C : Transfer pricing-Arm’s length price-Comparables-Giant risk taking company engaged in development and sale of software products and owns intangible assets-Company engaged in product development and earning revenue from trading of software licences and subscription-Not to be included in list of comparables. [S.92CA]