The Pr. Commissioner Of Income Tax -6 v. Marubeni Itochu Steel India Pvt. Ltd
High Court
04 Apr 2018 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
The Pr. Commissioner Of Income Tax -6 v. Marubeni Itochu Steel India Pvt. Ltd
Date of order
04 Apr 2018
Assessment year(s)
2010-11
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Pr. Commissioner Of Income Tax -6 v. Marubeni Itochu Steel India Pvt. Ltd, the High Court (2018) 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.
$~38
THE PR. COMMISSIONER OF INCOME TAX -6..... AppellantThrough : Sh. Ruchir Bhatia, Sr. Standing Counsel and Sh. Tushar Gupta, Advocate.
versus
MARUBENI ITOCHU STEEL INDIA PVT. LTD...... Respondent Through : None.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA O R D E R% 04.04.2018
The Revenue’s appeal – forAY 2013-14, challenging the Income Tax Appellate Tribunal’s (ITAT) impugned order questions its findings with respect to the deletion of sums that were sought to be taxed through an Arm’s Length Price (ALP) adjustment. The ITAT had followed the previous ruling of this Court which confirmed the findings for an earlier year AY 2010-11 in Pr. Commissioner of Income Tax-06 v. Marubeni Itochu Steel Pvt. Ltd. [ITA 129/2016, decided on 05.05.2016]. That judgment had relied upon a previous ruling in CIT v. Marubenni India Private Limited 277 CTR 189 (Delhi).
No substantial question of law arises. The appeal is accordingly dismissed.
S. RAVINDRA BHAT, J
APRIL 04, 2018/ajk
A. K. CHAWLA, J
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