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2017 (6) TMI 1225 - AT - Income TaxTPA - selection of comparables - Held that:- We direct the Assessing Officer/Transfer Pricing Officer to exclude W.M.I Cranes Ltd from the list of final comparables. The ld. AR has pointed that after exclusion of W.M.I Cranes Ltd., arithmetic mean of comparable companies would fall within +/- 5% range. Submissions made by ld. AR regarding exclusion of T.R.F Ltd. from the list of comparables has become academic. Therefore, we do not deem it necessary to take up the issue of exclusion of said company from comparables for adjudication. Accordingly, ground No. 3 raised by the assessee is partly allowed. Non granting credit of tax deducted at source - Held that:- We direct the Assessing Officer to examine the cliam of assessee and if the assessee is found eligible for the benefit of TDS, if any, the same may be allowed, in accordance with law. Accordingly, ground No. 7 is allowed for statistical purposes.
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