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Documents citing Carlyle India Advisors Pvt Ltd., Mumbai vs Asst Cit 14 (1)(2), Mumbai on 4 September, 2020

Goldman Sachs Asset Management (India) ... vs Asst Cit Rg 7(1)(1), Mumbai on 9 September, 2020

 Goldman Sachs (India) Securities Private Limited v. DCIT (ITA No. 927/Mum/2016 & ITA No. 902/Mum/2016), 4 Goldman Sachs Asset Management (India) Pvt. Ltd., ITA No. 502/Mum/2016 ITA No. 835/Mum/2016Principal CIT-14 v. AGM India Advisors Private Limited (ITA No. 1377 of 2017) (Bombay High Court decision)  Carlyle India Advisors Pvt. Ltd. v. Asst.
Income Tax Appellate Tribunal - Mumbai Cites 9 - Cited by 0 - Full Document

Bain Capital Advisors (I) P.Ltd , vs Assessee

The tribunal had an occasion to decide a similar matter in the case of Carlyle India Advisors Private Limited vs. Dy. CIT (in ITA No. 7367/Mum/2012 dated 07.02.2014), again an investment advisory firm, as the assessee, wherein similarly, comparison was made with Motilal Oswal. The same was found not comparable with the appellant-company in-as-much as the former was a merchant banker with diversifeed activities, viz. takeover, acquisitions, disinvestment, etc. On being queried that this was also for the reason that no segmental reporting in respect of the said firm, also carrying on the activities being carried on the appellant, stood brought to the notice of the tribunal, he would submit that the same obtains for the instant case as well in-as-much as only the consolidated accounts of Motilal Oswal were available, and the comparison has been made with reference thereto. Further, the assessee has in fact already paid a substantial portion of its total demand arising in assessment. The entire outstanding demand of Rs.80.73 lacs, including interest at Rs.13.35 lacs, be therefore stayed for recovery. The assessee's appeal is fixed for hearing on 01.07.2014 before 'K' Bench, while the Departments' appeal is fixed before the same Bench on 25.06.2014, so that the same is likely to run in near future.
Income Tax Appellate Tribunal - Mumbai Cites 3 - Cited by 0 - Full Document
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