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2015 (5) TMI 936 - HC - Income TaxTransfer pricing adjustment - selection of M/s Torrent Gujarat Biotech Limited and M/s Standard Pharmaceuticals Limited as comparables as directed by ITAT - Held that:- The issues that arise in this case do not raise a question of law much less a substantial question of law. The Tribunal’s order is far from perverse or absurd. It was a possible view. It was in fact a view that the TPO himself took by selecting Standard Pharmaceuticals Limited where use of PEN-G was only 5.23% as against the 7.60% use of PEN-G by Torrent Gujarat Biotech Limited. The Tribunal’s view was more than just a probable one. Our attention was not invited to any error on principle in the choice of the said companies as comparables. - Decided against assesse.
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