2019 (8) TMI 167

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r the reasons explained in the application, the delay in re-filing the appeal is condoned. Application is disposed of. ITA 692/2019 2. The Revenue is in appeal against an order dated 9th February, 2018 passed by the Income Tax Appellate Tribunal (ITAT) in ITA No. 1618/Del/2018 for the Assessment Year ('AY') 2005-06. 3. The Revenue is aggrieved by the order of the ITAT to the extent that the Ass .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y in the market. Further, the questions of autonomy and other factors made PSUs generally incomparable, as their working was not influenced by market conditions. 5. The ITAT differed from the view expressed by the TPO and accepted the reasoning put forth by counsel for the Assessee that the finances of the three comparables which included ITI Ltd., with reference to their respective annual report .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X