2014 (9) TMI 1207 - HC - Income Tax

TP Adjustment - comparable selection - HELD THAT - Cross appeals, have become infructuous as upon remand, fresh order has been passed and in view of the findings recorded after adjustment of ( ) (-) 5% as stipulated in proviso to Section 92CA(2) of the Income Tax Act, 1961 even if we do take into consideration the lease rental, the difference would be within permissible margin. These appeals are accordingly disposed of as infructuous.

Summary

The Delhi High Court in the case of ITA Nos. 225/2014 and 618/2012 found the appeals infructuous as a fresh order had been passed after adjustment of (+) (-) 5% as stipulated in proviso to Section 92CA(2) of the Income Tax Act, 1961. The difference in view of the findings recorded was within permissible margin. The appeals were disposed of accordingly.