ADAMA India (P) Ltd. v. DCIT

78 Taxmann.com 75Reported decision2017#10207 most cited
11

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2018 to 2023.

Issues it is cited on

benchmarking analysissection 14a(2)transactional net margin methodcup methodbook profitsarm's length pricetransfer pricing adjustmenttnmmdisallowance under section 14asection 115jinternational transactionsection 115jb

Judgments citing ADAMA India (P) Ltd. v. DCIT

DY. COMMISSIONER OF INCOME TAX ,(INTERNATIONAL TAXATION)-1, HYDERABAD vs. FAIR FIELD DEVELOPMENT LIMITED , CYPRUS

In the result, the appeal of Revenue in ITA

ITA 488/HYD/2019[2014-15]Status: DisposedITAT Hyderabad25 Apr 2023AY 2014-15

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2014-15 M/S. Fairfield Developments Vs. Dy. Commissioner Of Income Limited, Tax, Hyderabad. International Taxation – 1 Pan : Aabcf3158N Hyderabad. (Appellant) (Respondent) Ita 488/Hyd/2019 Assessment Year 2014-15 Dy. Commissioner Of Income Vs. M/S. Fairfield Developments Tax, Limited, International Taxation – 1, Hyderabad. Hyderabad. Pan : Aabcf3158N (Appellant) (Respondent) Assessee By: Shri Akshay Surana & Siddharth Surana, C.A Revenue By: Shri K.P.R.R. Murthy Date Of Hearing: 27.03.2023 Date Of Pronouncement: 25.04.2023 O R D E R Per Laliet Kumar, J.M. These Two Appeals Filed By The Assessee & The Revenue, Respectively, Are Directed Against The Order Of Commissioner Of Income Tax (Appeals) – 10, Hyderabad Dated 16.01.2019 For The Assessment Year 2014-15. 2 M/S. Fairfield Developments Limited

For Appellant: Shri Akshay Surana & SiddharthFor Respondent: Shri K.P.R.R. Murthy
Section 142(1)Section 92(4)

…आयकर अपीलीय अधिकरण, हैदराबाद पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad Before Shri R.K. Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member Assessment Year: 2014-15 M/s. Fairfield Developments Vs. Dy. Commissioner of Income Limited, Tax, Hyderabad. International Taxation – 1 PAN : AABCF3158N Hyderabad. (Appellant) (Respondent) ITA 488/Hyd/2019 Assessment Year 2014-15 Dy. Commissioner of Income Vs. M/s. Fairfield Developments Tax, Limited, International Taxation – 1, Hyderabad. Hyderabad. PAN : AABCF3158N (Appellant) (Respondent) Assessee by: Shri Akshay Surana & Siddh…

FAIRFIELD DEVELOPMENT LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX ,(INTERNATIONAL TAXATION), HYDERABAD

In the result, the appeal of Revenue in ITA

ITA 347/HYD/2019[2014-15]Status: DisposedITAT Hyderabad25 Apr 2023AY 2014-15

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2014-15 M/S. Fairfield Developments Vs. Dy. Commissioner Of Income Limited, Tax, Hyderabad. International Taxation – 1 Pan : Aabcf3158N Hyderabad. (Appellant) (Respondent) Ita 488/Hyd/2019 Assessment Year 2014-15 Dy. Commissioner Of Income Vs. M/S. Fairfield Developments Tax, Limited, International Taxation – 1, Hyderabad. Hyderabad. Pan : Aabcf3158N (Appellant) (Respondent) Assessee By: Shri Akshay Surana & Siddharth Surana, C.A Revenue By: Shri K.P.R.R. Murthy Date Of Hearing: 27.03.2023 Date Of Pronouncement: 25.04.2023 O R D E R Per Laliet Kumar, J.M. These Two Appeals Filed By The Assessee & The Revenue, Respectively, Are Directed Against The Order Of Commissioner Of Income Tax (Appeals) – 10, Hyderabad Dated 16.01.2019 For The Assessment Year 2014-15. 2 M/S. Fairfield Developments Limited

For Appellant: Shri Akshay Surana & SiddharthFor Respondent: Shri K.P.R.R. Murthy
Section 142(1)Section 92(4)

…आयकर अपीलीय अधिकरण, हैदराबाद पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad Before Shri R.K. Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member Assessment Year: 2014-15 M/s. Fairfield Developments Vs. Dy. Commissioner of Income Limited, Tax, Hyderabad. International Taxation – 1 PAN : AABCF3158N Hyderabad. (Appellant) (Respondent) ITA 488/Hyd/2019 Assessment Year 2014-15 Dy. Commissioner of Income Vs. M/s. Fairfield Developments Tax, Limited, International Taxation – 1, Hyderabad. Hyderabad. PAN : AABCF3158N (Appellant) (Respondent) Assessee by: Shri Akshay Surana & Siddh…

M/S. PRAXAIR INDIA PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1)(1), BANGALORE

In the result, both the appeals of the assessee in IT(TP)A No

ITA 199/BANG/2021[2015-16]Status: DisposedITAT Bangalore22 Nov 2022AY 2015-16

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri T. Suryanarayana, Senior A.RFor Respondent: Shri K. Sankar Ganesh, D.R
Section 143Section 143(3)Section 92C

…IT(TP)A No.3336/Bang/2018 & IT(TP)A No.199/Bang/2021 M/s. Praxier India Pvt. Ltd., Bengaluru IN THE INCOME TAX APPELLATE TRIBUNAL “A’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER IT(TP)A No.3336/Bang/2018 Assessment Year: 2014-15 M/s. Praxier India Pvt. Ltd. Mercury 2B Block 6th Floor, Prestige Technology Park Outer Ring Road, Marathahalli Vs. ACIT Ci rcle-2 Bengaluru 566 103 Bengaluru PAN NO : AAACP9993J APPELLANT RESPONDENT IT(TP)A No.199/Bang/2021 Assessment Year: 2015-16 M/s. Praxier India Pvt. Ltd. Mercury 2B Block 6th Floor, Prestige Tech…

M/S PRAXAIR INDIA PRIVATE LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2 , BANGALORE

In the result, both the appeals of the assessee in IT(TP)A No

ITA 3336/BANG/2018[2014-15]Status: DisposedITAT Bangalore22 Nov 2022AY 2014-15

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri T. Suryanarayana, Senior A.RFor Respondent: Shri K. Sankar Ganesh, D.R
Section 143Section 143(3)Section 92C

…IT(TP)A No.3336/Bang/2018 & IT(TP)A No.199/Bang/2021 M/s. Praxier India Pvt. Ltd., Bengaluru IN THE INCOME TAX APPELLATE TRIBUNAL “A’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER IT(TP)A No.3336/Bang/2018 Assessment Year: 2014-15 M/s. Praxier India Pvt. Ltd. Mercury 2B Block 6th Floor, Prestige Technology Park Outer Ring Road, Marathahalli Vs. ACIT Ci rcle-2 Bengaluru 566 103 Bengaluru PAN NO : AAACP9993J APPELLANT RESPONDENT IT(TP)A No.199/Bang/2021 Assessment Year: 2015-16 M/s. Praxier India Pvt. Ltd. Mercury 2B Block 6th Floor, Prestige Tech…

WATERMARKE RESIDENCY LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

In the result, the appeals of the assessee vide ITA Nos

ITA 740/HYD/2019[2013-14]Status: DisposedITAT Hyderabad21 Sept 2022AY 2013-14

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Shri CA Raghunathan KannanFor Respondent: Ms. M. Narmada, CIT-DR and Ms. N. Swapna

…ITA Nos.740/Hyd/2019, 1590/Hyd/2019 and 1591/Hyd/2019 IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad Before Before Shri Rama Kanta Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member Sl. ITA No Assess- Appellant / Assessee Respon- No ment Year dent 1 740/Hyd/2019 2013-14 DCIT, Watermarke Residency Circle – Limited, Hyderabad. 2 1590/Hyd/2019 2014-15 17(2), PAN : AAACW7096B Hyderabad. 3 1591/Hyd/2019 2015-16 Appellant by : Shri CA Raghunathan Kannan & Akshay Surna Siddharth Surna Respondent by : Ms. M. Narmada, CIT-DR and Ms. N. Swapna Date of Hearing : 08.09.2022 Date of Pron…

WATERMARK RESIDENCY LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

In the result, the appeals of the assessee vide ITA Nos

ITA 1591/HYD/2019[2015-16]Status: DisposedITAT Hyderabad21 Sept 2022AY 2015-16

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Shri CA Raghunathan KannanFor Respondent: Ms. M. Narmada, CIT-DR and Ms. N. Swapna

…ITA Nos.740/Hyd/2019, 1590/Hyd/2019 and 1591/Hyd/2019 IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad Before Before Shri Rama Kanta Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member Sl. ITA No Assess- Appellant / Assessee Respon- No ment Year dent 1 740/Hyd/2019 2013-14 DCIT, Watermarke Residency Circle – Limited, Hyderabad. 2 1590/Hyd/2019 2014-15 17(2), PAN : AAACW7096B Hyderabad. 3 1591/Hyd/2019 2015-16 Appellant by : Shri CA Raghunathan Kannan & Akshay Surna Siddharth Surna Respondent by : Ms. M. Narmada, CIT-DR and Ms. N. Swapna Date of Hearing : 08.09.2022 Date of Pron…

WATERMARK RESIDENCY LIMITED, ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

In the result, the appeals of the assessee vide ITA Nos

ITA 1590/HYD/2019[2014-15]Status: DisposedITAT Hyderabad21 Sept 2022AY 2014-15

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Shri CA Raghunathan KannanFor Respondent: Ms. M. Narmada, CIT-DR and Ms. N. Swapna

…ITA Nos.740/Hyd/2019, 1590/Hyd/2019 and 1591/Hyd/2019 IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad Before Before Shri Rama Kanta Panda, Accountant Member AND Shri Laliet Kumar, Judicial Member Sl. ITA No Assess- Appellant / Assessee Respon- No ment Year dent 1 740/Hyd/2019 2013-14 DCIT, Watermarke Residency Circle – Limited, Hyderabad. 2 1590/Hyd/2019 2014-15 17(2), PAN : AAACW7096B Hyderabad. 3 1591/Hyd/2019 2015-16 Appellant by : Shri CA Raghunathan Kannan & Akshay Surna Siddharth Surna Respondent by : Ms. M. Narmada, CIT-DR and Ms. N. Swapna Date of Hearing : 08.09.2022 Date of Pron…

M/S PRAXAIR INDIA PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX LTPU CIRCLE-1 , BANGALORE

In the result, the appeal filed by the assessee is partly allowed

ITA 2839/BANG/2017[2013-14]Status: DisposedITAT Bangalore25 Aug 2022AY 2013-14
For Appellant: Sri.T.Suryanarayana, Senior AdvocateFor Respondent: Sri.Bijoy Kumar Panda, CIT-DR
Section 143(2)Section 143(3)Section 14ASection 37

…IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES “A”, BANGALORE Before Shri George George K, JM & Shri Laxmi Prasad Sahu, AM IT(TP)A No.2839/Bang/2017 : Asst.Year 2013-2014 M/s.Praxair India Private Limited The Deputy Commissioner of Mercury 2B Block, 6th Floor Income-tax, Large Tax Payer v. Prestige Technology Park Unit, Circle 1 Bangalore. Outer Ring Road, Marathahalli Bangalore – 560 103. PAN : AAACP9993J. (Appellant) (Respondent) Appellant by : Sri.T.Suryanarayana, Senior Advocate Respondent by : Sri.Bijoy Kumar Panda, CIT-DR Date of Pronouncement : 25.08.2022 Date of Hearing : 26.07.2022 O R D E R Per…

VINCA DEVELOPERS P.LTD,MUMBAI vs. ASST CIT CIR 11(3)(2), MUMBAI

In the result, appeal of the assessee is allowed

ITA 6070/MUM/2017[2013-14]Status: DisposedITAT Mumbai12 Jul 2019AY 2013-14

Bench: Shri Shamim Yahya (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2013-14 Vinca Developers Private Limited, Assistant Commissioner Of Unit No. 116, First Floor, Income Tax, Circle 11(3)(2), Rehab Building No. 4, “ Akruti Room No. 427, Aayakar Annex” , Road No. 7, Marol Midc, Vs. Bhavan, Maharshi Karve Road, Andheri (East), Mubmai - 400020 Mumbai - 400093 Pan: Aaccv8042J (Appellant) (Respondent) Assessee By : Shri Viral Doshi (Ar) Revenue By : Shri Manish Kumar Singh (Dr) Date Of Hearing: 16/04/2019 Date Of Pronouncement: 12/07/2019

For Appellant: Shri Viral Doshi (AR)For Respondent: Shri Manish Kumar Singh (DR)
Section 144Section 271(1)(C)Section 92Section 92A(1)Section 92A(2)Section 92A(2)(c)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “J”, MUMBAI BEFORE SHRI SHAMIM YAHYA (AM) AND SHRI RAM LAL NEGI (JM) Assessment Year: 2013-14 Vinca Developers Private Limited, Assistant Commissioner of Unit No. 116, First Floor, Income Tax, Circle 11(3)(2), Rehab Building No. 4, “ Akruti Room No. 427, Aayakar Annex” , Road No. 7, Marol MIDC, Vs. Bhavan, Maharshi Karve Road, Andheri (East), Mubmai - 400020 Mumbai - 400093 PAN: AACCV8042J (Appellant) (Respondent) Assessee by : Shri Viral Doshi (AR) Revenue by : Shri Manish Kumar Singh (DR) Date of Hearing: 16/04/2019 Date of Pronouncement: 12/07/2019 O R D E…

VINCA DEVELOPER P.LTD,MUMBAI vs. ASST CIT CIR 11(3)(2), MUMBAI

In the result, appeal of the assessee is allowed

ITA 2087/MUM/2017[2012-13]Status: DisposedITAT Mumbai22 Jun 2018AY 2012-13

Bench: Shri Mahavir Singh & Shri Rajesh Kumarassessment Year: 2012-13

For Appellant: Shri Anuj Kisnadwala, A.RFor Respondent: Shri V. Jenardhanan, D.R
Section 271Section 92Section 92A(1)Section 92A(2)Section 92A(2)(c)

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “K”, MUMBAI BEFORE SHRI MAHAVIR SINGH, JUDICIAL MEMBER AND SHRI RAJESH KUMAR, ACCOUNTANT MEMBER Assessment Year: 2012-13 M/s. Vinca Developer Assistant Commissioner Pvt. Ltd., of Income Tax, Unit No.116, Circle 11(3)(2), First Floor, Mumbai – 400 093 Rehab Building No.4, Vs. Akruti Annex, Road No.7, Marol MIDC, Andheri (East), Mumbai – 400 093 PAN: AACCV 8042J (Appellant) (Respondent) Present for: Assessee by : Shri Anuj Kisnadwala, A.R. Revenue by : Shri V. Jenardhanan, D.R. Date of Hearing : 13.06.2018 Date of Pronouncement : 22.06.2018 O R D E R Per Raje…

ASST CIT 11(3)(2), MUMBAI vs. VINCA DEVELOPERS P.LTD, MUMBAI

In the result both the appeals filed by the assessee is partly allowed and

ITA 649/MUM/2016[2011-12]Status: DisposedITAT Mumbai30 May 2018AY 2011-12

Bench: Shri R.C. Sharma & Shri Pawan Singhacit-11(3)(2), M/S Vinca Developers Pvt. Ltd. 6Th Floor, Akruti Trade Centre, Room No. 427, Aayakar Bhavan, M.K. Road, Road No. 07, Marol Midc, Vs. Mumbai-400020. Andheri (East), Mumbai-400072 Pan:Aaccv8042J (Appellant) (Respondent) Cross Objection No. 33/Mum/2016 (Ita No. 649/Mum/16 (A.Y- 2011-12) M/S Vinca Developers Pvt. Ltd. Acit-11(3)(2), 6Th Floor, Akruti Trade Centre, Room No. 427, Aayakar Road No. 07, Marol Midc, Bhavan, M.K. Road, Vs. Mumbai-400020. Andheri (East), Mumbai-400072 Pan:Aaccv8042J (Appellant) (Respondent) Ita No. (Tp)A 1854/Mum/2016 (Assessment Year- 2011-12) M/S Vinca Developers Pvt. Ltd. Acit-11(3)(2), 6Th Floor, Akruti Trade Centre, Room No. 427, Aayakar Road No. 07, Marol Midc, Bhavan, M.K. Road, Vs. Andheri (East), Mumbai-400020. Mumbai-400072 Pan:Aaccv8042J (Appellant) (Respondent)

For Appellant: Shri Vijay Mehta (AR)For Respondent: Shri V. Jenardhanan (DR)
Section 143(3)Section 144C(13)Section 254(1)Section 36(1)(iii)Section 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL, BENCH “K”, MUMBAI BEFORE SHRI R.C. SHARMA, ACCOUNTANT MEMBER AND SHRI PAWAN SINGH, JUDICIAL MEMBER ACIT-11(3)(2), M/s Vinca Developers Pvt. Ltd. 6th Floor, Akruti Trade Centre, Room No. 427, Aayakar Bhavan, M.K. Road, Road No. 07, Marol MIDC, Vs. Mumbai-400020. Andheri (East), Mumbai-400072 PAN:AACCV8042J (Appellant) (Respondent) Cross Objection No. 33/Mum/2016 (ITA No. 649/Mum/16 (A.Y- 2011-12) M/s Vinca Developers Pvt. Ltd. ACIT-11(3)(2), 6th Floor, Akruti Trade Centre, Room No. 427, Aayakar Road No. 07, Marol MIDC, Bhavan, M.K. Road, Vs. Mumbai-400020. Andheri (East), Mum…