Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (11) TMI 1697 - AT - Income TaxTransfer pricing adjustment - international transactions between the assessee and its A.E. towards provisions of clinical study management and monitoring support services - selection of comparable - Held that:- The assessee company is engaged in manufacturing and sale of pharmaceutical products, thus companies functionally dissimilar with that of assessee need to be deselected from final list of comparable. Disallowance of depreciation claimed on assets of Ankleshwar plant allowed as decided in assessee's own case. Treatment to income from sub–leasing of property - income from business OR house property income - Held that:- As relying on assessee's own case we allow assessee’s claim of house property income in respect of sub–leasing of office premises. Levy of interest under section 234D levied
|