In Principal Commissioner –Of Income Tax 1 v. Paxar India Private Limited Through: None, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 771/2017
PRINCIPAL COMMISSIONER –OF INCOME TAX 1
Through: Mr.Sanjay Chaudhary, Advocates.
..... Appellant Kumar, Mr.Rahul
Versus
PAXAR INDIA PRIVATE LIMITED Through: None.
..... Respondent
CORAM: JUSTICE S. MURALIDHAR JUSTICE PRATHIBA M. SINGH
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O R D E R27.09.2017
1. The Revenue is in appeal against an order dated 20[th] July, 2016 passed by the Income Tax Appellate Tribunal (‘ITAT’) in ITA No.1788/B/2013 for the Assessment Year (‘AY’) 2007-08.
2. Two questions have been urged by the Revenue for consideration by this Court concerning the transfer pricing adjustment as a result of the comparability analysis.
3. The ITAT has in the impugned order given detailed reasons for coming to its conclusions on the said issue. The Court is of the considered view that no substantial question of law arises for consideration from the impugned
order of the ITAT.
4. The appeal is accordingly dismissed.
SEPTEMBER 27, 2017 ‘anb’
S. MURALIDHAR, J.
PRATHIBA M. SINGH, J.
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