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2018 (1) TMI 1566 - AT - Income TaxTP Adjustment - Selection of comparable - whether Government companies can be taken as comparables or not ? - HELD THAT:- As decided in own case [2017 (5) TMI 971 - ITAT MUMBAI] Government companies cannot be taken as comparables. No addition since adjustment would fall within tolerance range of 5% - From the submissions made by learned AR, we noticed that the adjudication of other grounds would be academic in nature, since according to learned AR even if those grounds are decided in favour of the Revenue, the same would not result in any addition. In view of the same, without deliberating on those grounds, we decide them in favour of the Revenue.
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