The Bank Of Tokyo - Mitsubishi Ufj Ltd v. Deputy Commissioner Of Income Tax

$~30 IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 107/2018 THE BANK OF TOKYO - MITSUBISHI UFJ LTD. ..... Appellant Through: Mr.Nishant Thakkar, Mr.Hiten Chande and Mr.Sparsh Bhargava, Advocates. versus DEPUTY COMMISSIONER OF INCOME TAX ..... Respondent Through: Mr.Asheesh Jain, Sr. Standing Counsel with Mr.Shahrukh Ejaz, Advocate. Counsel with Mr.Shahrukh Ejaz, Advocate. CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA O R D E R% 23.05.2018 C.M.No.21961/2018 in ITA 107/2018 Issue notice. Mr. Jain accepts notice on behalf of the respondent. This Court has considered the submissions of learned counsel for the parties. The order dated 31[st] January, 2018 is clarified to mean that the assessee’s argument was that the comparable used in the present case for arm’s length price determination, in accordance with law, was a controlled transaction. This clarification shall be read with along with the main order dated 31[st] January, 2018. The CIT(A) will take into consideration this issue as well as the records. The application is disposed of in the above terms. S. RAVINDRA BHAT, J MAY 23, 2018 ‘dc A. K. CHAWLA, J