India Debt Management (P.) Ltd. v. Deputy Commissioner

69 Taxmann.com 125Reported decision2016#9864 most cited

What is India Debt Management (P.) Ltd. v. Deputy Commissioner authority for?

Benchmarking using external data from sources like Thomson Reuters, DealScan, and Bloomberg Database is not correct. The concept of 'tested party' is not applicable when the Comparable Uncontrolled Price (CUP) method is the Most Appropriate Method (MAM) for determining arm's length price.

11

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2019 to 2025.

Also referred to as

India Debt Management (P.) Ltd. v. Deputy Commissioner · 69 taxmann.com 125 · transfer pricing · comparable uncontrolled price method · CUP method · arm's length price · ALP · tested party · benchmarking · external data · Thomson Reuters · DealScan · Bloomberg

Judgments citing India Debt Management (P.) Ltd. v. Deputy Commissioner

DCIT, Mumbai vs. Mahindra Homes Pvt Ltd., Mumbai

In the result, the appeal of the Revenue is allowed for statistical purposes

ITA 1212/MUM/2025[2015-16]Status: DisposedITAT Mumbai15 Sept 2025AY 2015-16

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan ()

For Appellant: Mr. S. Sriram a/w Mr. Samyak LohadeFor Respondent: Mr. Pankaj Kumar, CIT-DR
Section 142(1)Section 143(2)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “J” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI RAJ KUMAR CHAUHAN (JUDICIAL MEMBER) ITA No. 1212/MUM/2025 Assessment Year: 2015-16 DCIT Room No. 126, 1st floor, Aayakar Bhavan, Maharshi Karve Road, Mumbai-400020. Appellant Vs. Mahindra Homes Pvt. Ltd., 5th floor, Mahindra Towers, Dr. G.M. Bhosle Marg, Worli, Mumbai-400018. PAN NO. AAACW 9691 A Respondent Assessee by : Mr. S. Sriram a/w Mr. Samyak Lohade Revenue by : Mr. Pankaj Kumar, CIT-DR Date of Hearing Date of pronouncement : : 01/07/2025 15/09/2025 ORDER PER OM PRAKASH KANT, AM This app…

Dy. Commissioner of Income Tax, Circle-16(2), Hyderabad vs. Maanaveeya Development & Finance (P) Limited, Hyderabad

ITA 1811/HYD/2018[2014-15]Status: DisposedITAT Hyderabad14 Dec 2021AY 2014-15

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

Maanaveeya Development & Finance Private Limited, Hyderabad vs. Dy. Commissioner of Income Tax, Circle-16(2), Hyderabad

ITA 1682/HYD/2018[2014-15]Status: DisposedITAT Hyderabad14 Dec 2021AY 2014-15

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

Maanaveeya Development & Finance Private Limited, Hyderabad vs. Dy. Commissioner of Income Tax, Circle-16(2), Hyderabad

ITA 1507/HYD/2018[2013-14]Status: DisposedITAT Hyderabad14 Dec 2021AY 2013-14

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

Dy. Commissioner of Income Tax, Circle-16(2), Hyderabad vs. Maanaveeya Development & Finance Private Limited, Hyderabad

ITA 1506/HYD/2018[2013-14]Status: DisposedITAT Hyderabad14 Dec 2021AY 2013-14

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

Maanaveeya Development & Finance Private Limited, Hyderabad vs. DCIT, Circle-16(2), Hyderabad

ITA 565/HYD/2017[2012-13]Status: DisposedITAT Hyderabad14 Dec 2021AY 2012-13

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

DCIT, Circle-16(2), Hyderabad vs. Maanaveeya Development & Finance Private Limited, Hyderabad

ITA 149/HYD/2017[2011-12]Status: DisposedITAT Hyderabad14 Dec 2021AY 2011-12

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

Maanaveeya Development & Finance Private Limited, Hyderabad vs. ACIT, Circle-16(2), Hyderabad

ITA 134/HYD/2017[2011-12]Status: DisposedITAT Hyderabad14 Dec 2021AY 2011-12

Bench: Shri A.M. Alankamony & Shri S.S. Godara

Section 1

…ITA Nos 134 of 2017 and others Manaveeya Development and Finance Ltd IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad ‘ A ‘ Bench, Hyderabad (Through Video Conferencing) Before Shri A.M. Alankamony, Accountant Member and Shri S.S. Godara, Judicial Member Appeal in ITA A.Y Appellant Respondent 134/Hyd/2017 2011-12 Maanaveeya A.I.C.T. Development & Circle 16(2) Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 149/Hyd/2017 2011-12 Dy.C.I.T. Maanaveeya Development Circle 16(2) & Finance P Ltd Hyderabad Hyderabad PAN:AAECM1085E 565/Hyd/2017 2012-13 -do- Dy.C.I.T. Circle 16(2) Hyderabad 1507/Hyd/2018 2013-14 -do- -do…

Star Paper Mills Limited, Kolkata vs. DCIT, Cir. 4(2), Kolkata

In the result, the appeal of the assessee is partly allowed

ITA 127/KOL/2021[2016-17]Status: DisposedITAT Kolkata26 Oct 2021AY 2016-17

Bench: Shri P. M .Jagtap, Vice-(Kz) & Shri A. T. Varkey, Jm]

Section 143(3)Section 144CSection 80ISection 92B

…1 I.T.A. No.127/Kol/2021 Assessment Year: 2016-17 Star Paper Mills Limited आयकर अपील"य अधीकरण, "यायपीठ –“C” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA [Before Shri P. M .Jagtap, Vice-President (KZ) and Shri A. T. Varkey, JM] I.T.A. No.127/Kol/2021 Assessment Year: 2016-17 Star Paper Mills Limited Vs. DCIT, Circle-4(2), Kolkata (PAN:AAECS0759B) Appellant Respondent Date of Hearing (Virtual) 22.09.2021 Date of Pronouncement 26.10.2021 For the Appellant Shri Akkal Dudhewala, FCA For the Respondent Shri Gaurav Kanaujia CIT TP, & Shri Supriyo Pal, Addl. CIT, Sr. D.R ORDER Per Shri A. T. Vark…

D.C.I.T., Circla-10(2), Kolkata vs. M/S Balarampur Chini Mills Ltd., Kolkata

In the result, the appeal filed by the Revenue is dismissed

ITA 1672/KOL/2019[2016-17]Status: DisposedITAT Kolkata05 May 2021AY 2016-17

Bench: Sri J. Sudhakar Reddy & Sri Aby T. Varkey)

Section 142(1)Section 143Section 143(2)Section 250Section 3Section 6Section 8Section 80ASection 80ISection 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘C’ BENCH, KOLKATA (Virtual Court) (Before Sri J. Sudhakar Reddy, Accountant Member & Sri Aby T. Varkey, Judicial Member) I.T.A. No. 1672/Kol/2019 Assessment Year: 2016-17 DCIT, Circle-10(2), Kolkata..............................................................................................Appellant Vs. M/s. Balarampur Chini Mills Ltd...............................................................................Respondent [PAN: AAACB 9373 Q] Appearances by: Sh. Gaurav Kanojia, CIT, appeared on behalf of the Revenue. Sh. S.K. Tulsiyan, Adv. & Ms. Puja Somani, C.A., a…

The Assistant Commissioner of Income Tax, Circle-3(1), Vijayawada vs. Kapil Infra Avenues Private Limited, Vijayawada

In the result, appeal of the revenue is dismissed

ITA 253/VIZ/2019[2015-16]Status: DisposedITAT Visakhapatnam25 Sept 2019AY 2015-16

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.253/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2015-16) Asst. Commissioner Of Vs. M/S Kapil Infra Avenues Income Tax Pvt. Ltd. Circle-3(1) 40-14-3/1 Vijayawada Chandramouli Puram Near Benz Circle Vijayawada [Pan : Aadck4944P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Smt.Suman Malik, Dr प्रत्यधथी की ओर से / Respondent By : None सुनवधई की तधरीख / Date Of Hearing : 23.09.2019 घोर्णध की तधरीख/Date Of Pronouncement : 25.09.2019 आदेश /O R D E R

For Appellant: Smt.Suman Malik, DRFor Respondent: None
Section 143(3)Section 14A

…आयकर अपीलीय अधिकरण, धिशाखापटणम पीठ, धिशाखापटणम IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM श्री िी. दुगाा राि,न्याधयक सदस्य एिं श्री धड.एस. सुन्दर धसंह, लेखा सदस्य के समक्ष BEFORE SHRI V. DURGA RAO, JUDICIAL MEMBER& SHRI D.S. SUNDER SINGH, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A.No.253/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2015-16) Asst. Commissioner of Vs. M/s Kapil Infra Avenues Income Tax Pvt. Ltd. Circle-3(1) 40-14-3/1 Vijayawada Chandramouli Puram Near Benz Circle Vijayawada [PAN : AADCK4944P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant by : Smt.…