2019 (8) TMI 1529 - HC - Income Tax

TP Adjustment - exclusion of M/s.Infosys Ltd., M/s.E-Inforchips Ltd., E-Zest Solutions Ltd. and EClerx Services Ltd. as comparables for the transfer pricing exercise - HELD THAT - This Court has in a recent judgment M/S. AVAYA INDIA PVT. LTD. VERSUS ACIT 2019 (7) TMI 1279 - DELHI HIGH COURT discussed the issue in sufficient detail and held in favour of the Assessee in that case. The Court is accordingly of the view that the impugned order of the ITAT is consistent with the settled legal position and does not call for any interference. No substantial question of law arises.

Summary

The Delhi High Court, in ITA 333/2019, dismissed the appeal by the Assessee against an ITAT order from March 6, 2018 for AY 2011-12. The issue was about excluding certain companies as comparables for transfer pricing. The Court found the ITAT order consistent with settled legal position, citing a previous judgment in favor of the Assessee. No substantial question of law arose.