Gopalakrishna Govind Hegde(Dead)Thr. ... vs The Totgars Co-Op. Sale Soc. Ltd. . on 17 January, 2020
Author: Dinesh Maheshwari
Bench: Dinesh Maheshwari
-1-
ITEM ... HEGDE(DEAD)
THR. LEGAL REPRESENTATIVES Appellant(s)
VERSUS
THE TOTGARS CO-OP. SALE SOC. LTD. . & ORS. Respondent
Gopalakrishna Govind Hegde(Dead)Thr. ... vs The Totgars Co-Op. Sale Soc. Ltd. . on 27 January, 2020
Author: Ajay Rastogi
Bench: Ajay Rastogi
ITEM ... HEGDE(DEAD)THR.
LEGAL REPRESENTATIVES Appellant(s)
VERSUS
THE TOTGARS’ CO-OP. SALE SOC. LTD. . & ORS. Respondent
taxpayer again adopted Transactional Net
Margin Method (TNMM) with Operating Profit/Sales (OP/Sales)
as Profit Level Indicator (PLI) selected four comparables and
computed their ... OP/TC 17%
Add : Voluntary TP 12,006,945
Adjustment
Revised OP 4,011,813
Revised OP/Sales 3%
Add : Other Income
Informants alleged that the inter se
agreements of OP-1 with OP-2 and OP-3 to sell counterfeit/unlicensed/unauthorised
products are anti-competitive ... Informants have stated that OP-2 and OP-3 are affiliates of or related entities
of OP-1. OP-1 leverages its control over
Apex Court in the case of
M/s Totgar Co-op Sales Society Ltd. Vs ITO 322 ITR 283 (S.C). It was his
submission ... Apex Court in the case of M/s Totgar Co-op Sales Society Ltd. (supra) has been held
to be distinguishable in many cases
Jivram Tukaram Mahajan Co.Op Fruit Sale ... vs Income-Tax Officer, Ward - 1 (4), , ... on 6 February, 2020
IN THE INCOME TAX APPELLATE TRIBUNAL
PUNE ... 2019
ननधधारण वषा / Assessment Year : 2015-16
Jivram Tukaram Mahajan
Co. Op. Fruit Sale Society
Ltd.,
At & Post Nhavi,
Taluka Yawal,
Dist. Jalgaon,
Nhavi
been importing VSF
products from its group companies such as OP-3 and OP-4 located in
Thailand and Indonesia respectively without paying any such ... OP-2 in the relevant market.
20. Having held OP-2 to be dominant, the DG delved into examining the alleged
abusive conduct of OP
used NP/TC as PLI while the TPO
has used OP/Sales as PLI. Accordingly, the TPO has co mputed
the adjustme ... from the list of assessee
and co mputed the average margin (OP/Sales) at 17% based on
current year data. Acco rdingly
from
assessment order itself. The A.O. also accepted the purchases, sales, op.
stock & closing stock resulted from the transactions recorded therein as
such ... from
assessment order itself. The A.O. also accepted the purchases, sales, op.
stock & closing stock resulted from the transactions recorded therein as
such
1638/Del./2014
ITA No.2501/Del./2014
Operating Profit/Sales (OP/Sales) on an entity-wise basis as the
Profit Level Indicator ... Company Sales Total cost Operating OP/
Name (Cr.) (TC) (Cr.) Profit Sales
(OP) (Cr.) %age
1) Bharat 41.36 40.08 0.56 1.35%
Glass Tube
