Court :
ITAT Delhi
Brief :
The present appeal has been f i led by the Revenue against the order of the ld. CIT(A)-44, New Delhi dated 24.11.2017.
Citation :
ITA No. 1076/Del/2018 : Asstt. Year : 2013-14
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH ‘I-1’, NEW DELHI
Before Ms. Suchitra Kamble, Judicial Member
Dr. B. R. R. Kumar, Accountant Member
(Through Video Conferencing)
ITA No. 1076/Del/2018 : Asstt. Year : 2013-14
ACIT,
Circle-6(1),
New Delhi
vs
M/s CH2M Hill India Pvt. Ltd.,
604, Shakuntla Building, 59, Nehru
Place, New Delhi-110019
Assessee by : Sh. Ajit Jain, CA
Revenue by : Sh. Arun Kumar Yadav, Sr. DR
Date of Hearing: 10.08.2021
Date of Pronouncement: 01.11.2021
ORDER
The present appeal has been f i led by the Revenue against the order of the ld. CIT(A)-44, New Delhi dated 24.11.2017.
2. Straight to the issue: The comparable in dispute had a prof it of 72.45% which is abnormally with the market averages. The OECD guidelines and the TP studies have inbuilt provisions that abnormal profit as well as loss may not be considered for the purpose of benchmarking. Further, we find that the comparable is engaged in the business of rendering Engineering Consultancy Services including mining, project construction management, environment management and logistics whereas the assessee is primarily engaged in the Engineering technical Consultancy in the areas of water, waste management, infrastructure, oi l & gas management.
3. In the result, the appeal of the Revenue is dismissed.
Order Pronounced in the Open Court on 01/11/2021.
Please find attached the enclosed file for the full judgement
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