assessing officer has further erred in
unilaterally identifying other companies (i.e. Cox & Kings India Ltd,
International Travel House Ltd, and Shreeraj Travels ... international transactions at 5.54%. He
has also applied 4 comparables including Cox & Kings (India) Ltd., ignoring
the objection of the assessee. The action
Amadeus Global Travel Distribution Sa, ... vs Adit, New Delhi on 18 July, 2019
INCOME TAX
LWorldways Ltd. 39.60%
3. Publicity Societyof India Ltd. (seg) 71.17%
4. Cox & Kings. 69.81%
5. ICC International Agencies Limited 11.83%
6. British Metal Corporation ... directed the TPO to exclude Killick Agencies & Marketing Ltd. And Cox & Kings
as these companies had substantially high related party transactions.
Accordingly
that
payment of ``77,999/- & ``1,56,515/- to M/s Cox and Kings India (P) Ltd. and
``2,03,226/- were made ... cost and
accordingly, an amount of `1,56,515/- was paid to Cox and Kings India (P) Ltd.
8 ITA no.824/Del./2012
also furnished a list of 3 new comparables viz. Thomas Cook, Cox & King,
Shree Raj Travels & Tours for tire purpose of application
would nave Deen
eligible for benefit of exemption from the incidence or cox unoer the provisions
of section
decisions reported in JCIT vs Modi
Olivetti Ltd., 84 TTJ 1038,Cox & Kings India P. Ltd., 2010 TII 34,CIT vs Brilliant
Tutorials
also furnished a list of 3 new comparables viz.
Thomas Cook, Cox & King, Shree Raj Travels & Tours for tire purpose of
application
BHARAT FINANCIAL INCLUSIO 6,00,000 48,9833,012
3 COX AND KINGS LTD 9,38,992 17,67,07327
4 DIVIS LABORATORIES
Purva Park, 53, MSO Colony,
Bhainsali Ground, Meerut. Jeevanahalli Main Road, COX Town,
Banglore.
PAN-AARPG1168Q
(APPELLANT) (RESPONDENT)
Appellant by: Smt. Anuradha Misra
