2018 (8) TMI 1769 - HC - Income Tax

TP Adjustment - MAM selection - Tribunal adopting external Transactional Net Margin Method as the most appropriate method instead of internal Cost Plus Method adopted by TPO - Addition of capital receipt - HELD THAT - Registry is directed to communicate copy of this order to the Tribunal. This would enable the Tribunal to keep papers and proceedings relating to the present appeal available, to be produced when sought for by the Court.

Summary

The High Court of Bombay heard appeals for Assessment Years 2006-07 and 2007-08. The court admitted the appeals based on reframed substantial questions of law related to transfer pricing methods and deletion of a capital receipt addition. The Registry was directed to provide a copy of the order to the Tribunal for reference during the hearing. The case is to be heard along with Income Tax Appeal No.1299 of 2008.