GST Plus - Get Daily updates,support,whatsapp Group & reply to GST Notices etc.!! Call : 011-411-70713 !!

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Asst.C.I.T., Bangalore M/s Inmobi Technologies Pvt. Ltd.,, Bangalore

LinkedIn


Court :
ITAT Bangalore

Brief :
This appeal by the Revenue against the directions of the Dispute Resolution Panel (DRP) dt.29.12.2015 and order passed by the Assessing Officer u/s.143(3) r.w.s. 144C of the Income Tax Act, 1961 ('the Act') for the Assessment Year 2011-12.

Citation :
IT(TP)A No.620/Bang/2016

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES “ B ” BENCH: BANGALORE

BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT
AND SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER

IT(TP)A No.620/Bang/2016
(Assessment Year: 2011-12)

Assistant Commissioner of Income Tax,
Circle 3(1)(1), Bangalore. ….Appellant

Vs.

M/s. Inmobi Technologies Pvt Ltd.,
Pebble Beach, Ground Floor, B Block,
Embassy Golf Links Business Park,
Off. Intermediate Road,
Bangalore – 560071 ……Respondent.
PAN AAECM 9170C

Assessee By: Shri L. Bharath, C.A.
Revenue By: Shri G. Guruswamy, CIT (D.R.)

Date of Hearing : 10.12.2020.
Date of Pronouncement : 16.12.2020.

O R D E R

PER SHRI CHANDRA POOJARI, A.M. :

This appeal by the Revenue against the directions of the Dispute Resolution Panel (DRP) dt.29.12.2015 and order passed by the Assessing Officer u/s.143(3) r.w.s. 144C of the Income Tax Act, 1961 ('the Act') for the Assessment Year 2011-12.

2. The revenue has raised various grounds; the crux of the grounds are that the DRP erred in holding that the following comparables to be excluded from the list of comparables that though it satisfies all the qualitative and quantitative criteria adopted by the Transfer Pricing Officer (TPO) in Software Development Segment :

i) Acropetal Technologies Limited
ii) E-Infochips Limited
iii) Infosys Limited
iv) L & T Inoftech limited and
v) R S Softwre

To know more in details find the attachment file
 

 

Guest
on 31 December 2020
Published in Income Tax
Views : 21
downloaded 8 times
Report Abuse

LinkedIn







Trending Tags