Willis Processing Services (I) Pvt. Ltd. v. Dy CIT

30 Taxmann.com 350Reported decision2013#5496 most cited

What is Willis Processing Services (I) Pvt. Ltd. v. Dy CIT authority for?

Huge profit or turnover, ipso facto, does not lead to the exclusion of a comparable company when determining arm's length price. Rule 10B(3) of the Income Tax Rules requires that a difference must be likely to have a material bearing on margins to justify exclusion.

21

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2017 to 2026.

Also referred to as

Willis Processing Services · 10B(3) · comparable exclusion · huge profit · huge turnover · arm's length price · transactional net margin method · TNMM · comparable companies · material bearing on margins

Sections most often in play

Section 10B(3)Section 10B(2)(a)Section 133(6)Section 143(3)Section 144C(13)Section 10(B)(3)Section 108(1)(e)Section 10B

Issues it is cited on

captive service providerworking capital adjustmenttested partyfar analysistransactional net margin methodcomparable companiesmost appropriate methodtnmmassociated enterpriseassociated enterprisesarm's length priceamalgamation

Judgments citing Willis Processing Services (I) Pvt. Ltd. v. Dy CIT

Willis Processing Services (India) P.Ltd, Mumbai vs. Asst CIT (OSD) 2(3), Mumbai

ITA 6877/MUM/2012[2008-09]Status: DisposedITAT Mumbai22 Mar 2017AY 2008-09

Bench: Shri G.S. Pannu, Am & Shri Ravish Sood, Jm आयकर अपील सं./ I.T.A. No. 6877/Mum/2012 (निर्धारण वर्ा / Assessment Year: 2008-09)

For Appellant: Sh. R.R Vora and Nikhil TiwariFor Respondent: Sh. Debashis Chanda
Section 133Section 143(3)Section 144CSection 92C(3)Section 92C(4)

…P a g e | 1 IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI G.S. PANNU, AM AND SHRI RAVISH SOOD, JM आयकर अपील सं./ I.T.A. No. 6877/Mum/2012 (निर्धारण वर्ा / Assessment Year: 2008-09) M/s Willis Processing Services (India) Pvt. Ltd. ACIT (OSD) - 2(3), Plant No.6, Godrej & Boyce Mfg.Co. Compound, Aaykar Bhawan, बिधम/ Vs. Pirojshnagar, L.B.S Marg, Vikhroli (West), Mumbai - 400 020 Mumbai – 400 079. स्थायी लेखा सं./जीआइआर सं./PAN/GIR No. AABFL2160M (अपीलाथी /Appellant) (प्रत्यथी /Respondent) : अपीलाथी कीओर से / Appellant by : Sh. R.R Vora and Nikhil Tiwari. प्रत्यथी की ओर से/Respondent by : S…