Operating Margin of Comparable Companies: Income Tax Act

Quick Summary

This case concerns the calculation of operating margins for comparable companies under the Income Tax Act, 1961. The assessee argued that the tax authorities incorrectly rejected their chosen comparable companies and applied filters without proper justification. The dispute also involves the rejection of specific companies and the failure to make necessary economic adjustments, leading to a significant addition to the assessee's income.

Court :
ITAT Pune

Brief :
This appeal preferred by the assessee emanates from the directions of the Ld. Dispute Resolution Panel (DRP) dated 27.11.2020 passed u/s.144C(5) of the Income Tax Act, 1961 (hereinafter referred to as „the Act‟) for the assessment year 2016-17 as per the following grounds of appeal on record :

Citation :
ITA No. 133/PUN/2021

Daily Limit Reached