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1 - 9 of 9 (0.33 seconds)Rampgreen Solutions Pvt Ltd vs Commissioner Of Income Tax on 10 August, 2015
4.1. Ld.TPO considered this as a comparable. Assessee
objects to the compatibility of this company is due to
functional incompatibility. Ld.AR submitted that this
company was having supernormal profit and is engaged in
providing KPO services which is distinct from the nature
of services provided by the assessee before us. He has
placed reliance upon the decision of coordinate benches of
this tribunal in the case of M/s.Capital IQ Information
Systems (India) Pvt. Ltd. Vs. DCIT in ITA No.
1961/H/2011 and Symphony Marketing Solutions India
Pvt. Ltd., in ITA No. 1316/BANG/2012, wherein the
dissimilarities between KPO services and BPO service has
been drawn up. He further contended similar view has
been upheld by the Hon'ble jurisdictional High Court in
the case of Rampgreen Solutions Pvt. Ltd., vs. CIT in ITA
102/2015.
Section 10 in The Income Tax Act, 1961 [Entire Act]
Section 25 in The Income Tax Act, 1961 [Entire Act]
Donaldson India Filters Systems Pvt. ... vs Dcit, Circle 10(1) on 19 January, 2015
6.7. Since there is no similarity in the functional profile of
this company and assessee respectfully following the ratio
laid down in Agnity India Technologies (supra), we direct
15 I.T.A.No. 907/Del/2016.
the TPO/AO for removal of this company from the list of
comparables.
Section 35 in The Income Tax Act, 1961 [Entire Act]
Section 72 in The Income Tax Act, 1961 [Entire Act]
Section 73 in The Income Tax Act, 1961 [Entire Act]
Section 32 in The Income Tax Act, 1961 [Entire Act]
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