Mr. Ruchir Bhatia, Adv. With Mr. Puneet Rai, Adv v. Panasonic Industrial Asia Pte. Ltd Through: Mr.parth, Adv

$~5. * IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 244/2017 THE COMMISSIONER OF INCOME TAX-INTERNATIONAL TAXATION-2 Through: ..... Appellant Mr. Ruchir Bhatia, Adv. with Mr. Puneet Rai, Adv. Versus PANASONIC INDUSTRIAL ASIA PTE. LTD Through: Mr.Parth, Adv. ..... Respondent CORAM: JUSTICE S.MURALIDHAR JUSTICE CHANDER SHEKHAR % O R D E R24.04.2017 1. This appeal, under Section 260A of the Income Tax Act, 1961 („Act‟), by the Revenue is against the order dated 16[th] September, 2016 passed by the Income Tax Appellate Tribunal („ITAT‟) in ITA No. 6734/Del/2015 for the Assessment Year („AY‟) 2008-09. 2. The question of law involves the exclusion of one of the comparables i.e., ICC International Agencies Ltd. for the purpose of determining the arm's length price of the international transaction for the purpose of transfer pricing analysis. ITA 244/2017 Page 1 of 2 3. In the considered view of the Court, the reasoned order of the ITAT does not give rise to any substantial question of law. The appeal is dismissed. S.MURALIDHAR, J APRIL 24, 2017 ‘anb’ CHANDER SHEKHAR, J ITA 244/2017