Iapl/269/2015 Of Pr. Commissioner Of Income Tax-Iikanpur v. M/S Rahman Exports Pvt. Ltd

Case :- INCOME TAX APPEAL No. - 269 of 2015 Appellant :- Pr. Commissioner Of Income Tax-IikanpurRespondent :- M/S Rahman Exports Pvt. Ltd.Counsel for Appellant :- Ashok Kumar,Shubham Agrawal Counsel for Respondent :- Ashish Bansal,Shalini Goel,Shubham Agrawal Hon'ble Bharati Sapru,J.Hon'ble Neeraj Tiwari,J. Heard Sri Shubhan Agarwal, learned counsel forthe department and Sri Ashish Bansal, learnedcounsel for the assessee. This appeal under Section 260A of the IncomeTax, 1961(hereinafter referred to as the 'Act') hasbeen filed by the department against the order ofthe Income Tax Appellate Tribunal, LucknowBench, "B", Lucknow dated 12.06.2015 for theassessment year 2007-08 raising followingquestions of law. "B. Whether on the facts and circumstances of the case, the learned ITATwas justified in law in confirming the order of CIT (A) in respect ofaddition of Rs. 57,07,130/- made u/s. 92 of the I.T. Act on the basis oforder of TPO, who had calculated Transfer pricing on the basis of existingdata available on record?" This question has already been answered by thisCourt in favour of the assessee and against thedepartment in connected Income Tax AppealNo.7 of 2017. The appeal is, accordingly, dismissed in the sameterms. Order Date :- 11.1.2018Arvind