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Universal Medicare P.Ltd, Mumbai vs Dcit Cen Cir 3(2), Mumbai on 22 June, 2018

in Income Tax Appeal (L) No. 137 of 2013rendered on 6 March 2013; DIT (IT) v. St Jude Medical Inc. in Income Tax Appeal (L) No.2121 of 2012 rendered on 1 March 2013; CIT v. PTC Software (India) (P.) Ltd. in Income Tax Appeal (L) No.1927 of 2012 rendered on 28 February 2013, by not entertaining these appeals. Thus the grievance raised appear to stand concluded against the Revenue. In the above view, we were not inclined to entertain the Petitions filed by the Revenue.
Income Tax Appellate Tribunal - Mumbai Cites 14 - Cited by 0 - Full Document

Asst Cit 15(2)(2), Mumbai vs Maersk Global Services Centre (I) ... on 19 April, 2018

" Hon'ble Delhi High Court in case of Mckinsey Knowledge Centre India Private Limited (ITA 217/2014) (Page no. 264 of PB II) confirming Hon'ble Delhi Tribunal decision (ITA No. 2195/ Del/2011) (Page no. 286 of PB II) 13 I.T.A. No.944/Mum/2016 CO. No.50/Mum/2016 Hon'ble Punjab and Haryana High Court in the case of Mercer Consulting (India) Pvt Ltd [TS-664-HC-2016(P & H)-TPJ (Page no. 246ofPB II) Hon'ble Mumbai Tribunal in the case of Aegis Limited (ITA No. 7694/Mum/20l4) - (Page no. 309 of PB II) Hon'ble Mumbai Tribunal in the case of Pangea3 & Legal Database Systems Pvt. Lid [ITA Nos.2128 &1958/M/2014] The Revenue on the other hand has relied upon decision of Hon'ble Bombay High Court in the case of CIT v. PTC Software India P. Ltd.(2017) 395 ITR 176(Bom.) , wherein Hon'ble Bombay High Court held as under:-
Income Tax Appellate Tribunal - Mumbai Cites 14 - Cited by 8 - Full Document

Asst Cit 10(3)(2), Mumbai vs Pangea3 Legal Database P.Ltd, Mumbai on 25 June, 2019

Aegis Ltd. (supra) 29.12 On the other hand, the Ld. CIT, DR has placed reliance on the decision of Hon'ble Bombay High Court in the case of CIT v. PTC Software India (P.) Ltd.[2016] 75 taxmann.com 31 , wherein the Hon'ble High Court has held that there is no basis to consider a comparable that does not have the data relating to financial year. In the rejoinder, the Ld. Counsel for the assessee submitted that the comparables under consideration before the Hon'ble High Court was following July to June financial year and quarterly results were not publicly available so as to compute the margin of the financial period April to March. Further, Hon'ble P&H High Court in the case of Mercer Consulting India (P.)
Income Tax Appellate Tribunal - Mumbai Cites 13 - Cited by 0 - Full Document
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