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2018 (4) TMI 1934 - AT - Income TaxTP Adjustment - Comparability - HELD THAT:- Since the assessee has furnished the required particulars and relying on the decisions of Tribunal / High Court, we remit the issues in connection with the above comparables to the TPO/A O for a fresh examination. In respect of the comparables, Caliber Point Business Solutions Limited & R Systems International Limited, the assessee shall furnish comparables data for the verification of the TPO. TPO shall decide as to whether the above comparables are to be included or to be excluded, as the case may be, in accordance with law. Disallowance made u/s. 14A r.w.r. 8D - HELD THAT:- Since, the assessee has not earned any dividend (exempt) income during the year, following the jurisdictional High Court decisions in the cases of Redington (India) Limited [2017 (1) TMI 318 - MADRAS HIGH COURT] and CIT, Central(1), Chennai vs Chettinad Logistics Pvt. Ltd [2017 (4) TMI 298 - MADRAS HIGH COURT] the addition made by the AO is deleted and the assessee’s grounds in this regard is allowed.
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