Assistant Commissioner Of Income-Tax vs Skypak Couriers (P.) Ltd. on 24 February, 2000
Equivalent citations: [2001]78ITD141(MUM)
ORDER
Shri Pradeep Parikh, Accountant Member
REDDY (A.M)
ITA NO.8698/MUM/04(A.Y. 2001-02)
Skypak Service Specialists Ltd. The DCIT- 8(3),
Marol, Andheri (East), Aaykar Bhavan ... 8890/MUM/2004(A.Y. 2001-02)
The DCIT- 8(3), Skypak Service Specialists Ltd.
Aaykar Bhavan, MK Road, Marol, Andheri (East),
Mumbai
Skypak Finanacial Securities, Mumbai vs Assessee
`IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI BENCH 'E' MUMBAI
BEFORE SHRI A L GHELOT ... PADVKAR, JM
ITA No. 1662/Mum/2009
(Asst Year 2006-07)
Skypak Financial Securities
Senor Estate G/F
Parsi Panchyat
Andheri (E), Mumbai
even 20% of the turnover of the assessee. Hence
rejected.
3
v) Skypak Services Specialists Ltd. Turnover is `.18.48 crores
which below ... because in the case of On-dot Couriers & Cargo Ltd. and
Skypak Services Specialists Ltd. the turn over was Rs.27.19 crores
Board On Board Couriers Limited ('Patel
On-Board') and Skypak Services Specialist Limited ('Skypak') as
comparable companies for benchmarking the Appellant ... margin of
the comparables at 1.18 percent (based on 0.46
percent for Skypak and 1.90 percent for Patel On-
Board). In price terms
account of
professional fees received from Skypak Financial Securities Pvt. Ltd. solely
relying on the submission made by the assessee that he has been following
Leslie Freight Systems Ltd. -10.38%
5 Gordon Woodroffe Logistics Ltd. 30.43%
6 Skypak Service Specialists Ltd. -0.91%
Average 18.11%
2.9 The TPO issued a show
