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Cit vs Agnity India Technologies Pvt Ltd on 10 July, 2013

It is significant to note that the Tribunal in its later order dated 6.7.2015 in Techbooks International Pvt. Ltd. vs. DCIT (ITA No.240/Del/2015) has simultaneously considered the impact of the judgments of the Hon'ble Delhi High Court in CIT vs. Agnity India Technologies Pvt. Ltd. (2013) 219 Taxman 26 (Del) and later case of ChrysCapital Investment Advisors (I) Pvt. Ltd. (supra). After making a 12 ITA Nos.2010 & 2575/Del/2014 comparative study, the Bench has held that a company with a high turnover cannot be excluded on this criteria, if it is functionally similar.
Delhi High Court Cites 0 - Cited by 219 - S Khanna - Full Document
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