Search Results Page
Search Results
1 - 6 of 6 (0.41 seconds)M/S Sony Mobile Communications India ... vs Dcit, New Delhi on 6 July, 2018
1.24 The appellants contended that based on the Sony
Ruling (Sony India (P) Limited Vs. DCIT (114 ITD 448)) to
judge an appropriateness of a comparable, a number of
factors are to be seen and their cumulative effect needs to
be evaluated. The Tribunal in Sony Ruling has held that
even consistent losses alone is not a sufficient reason for
excluding a company but the cumulative result of several
factors needs to be seen. If a company is not to be
rejected ipso-facto on grounds of losses/consistent losses,
then diminishing revenue filter stands on an even weaker
footing as an indicator of economic distress for a company.
Section 5 in The Companies Act, 1956 [Entire Act]
Section 50 in The Companies Act, 1956 [Entire Act]
Section 90 in The Companies Act, 1956 [Entire Act]
Section 134 in The Companies Act, 1956 [Entire Act]
1