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2022 (1) TMI 1301 - AT - Income TaxTP Adjustment - Comparability - exclusion of one comparable entity i.e., M/s Cosmic Global Limited from final set of comparable entities as adopted by Transfer Pricing Officer (TPO) - HELD THAT:- Upon perusal of Tribunal’s order in assessee’s own case for AY 2010-11 [2018 (4) TMI 1934 - ITAT CHENNAI] we find that the assessee sought exclusion of this entity and the matter was remitted back to the file of Ld. TPO/ AO for fresh examination. Pursuant to this order, TPO has passed an order on 25.10.2019 wherein this entity has been excluded. Therefore, finding strength in the argument of Ld. AR, we remit the matter back to the file of Ld. TPO / AO on similar lines as done by co-ordinate bench in AY 2010-11 for the limited purpose of examining assessee’s claim for exclusion of M/s Cosmic Global Ltd. The grounds raised thus stand partly allowed for statistical purposes.
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