Itta/734/2014 Of The Commissioner Of Income Tax-I v. M/S Air Liquie Engineering India Pvt Ltd
High Court
31 Dec 2014 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/734/2014 Of The Commissioner Of Income Tax-I v. M/S Air Liquie Engineering India Pvt Ltd
Date of order
31 Dec 2014
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/734/2014 Of The Commissioner Of Income Tax-I v. M/S Air Liquie Engineering India Pvt Ltd, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA
AND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 734 of 2014DATE: 31.12.2014
Between:The Commissioner of Income Tax-I,Hyderabad.
… Appellant
And
M/s.Air Liquide Engineering India Pvt. Ltd.,Hyderabad.
… Respondent
This Court made the following:
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTAAND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 734 of 2014
Judgment:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
We dismiss this appeal as we find that the learned Tribunal hasfound that the Transfer Pricing Officer wanted to examine the businessand commercial expediency of the assessee in the matter of transferpricing. It is settled law business and commercial expediency cannotbe justiciable.
We therefore do not find any illegality or infirmity in the order ofthe learned Tribunal.
Consequently, pending miscellaneous petitions, if any, shallalso stand closed. No costs.
_________________
K.J. SENGUPTA, CJ
Date: 31stDecember, 2014Pnb/gbs
_________________
SANJAY KUMAR, J
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