PRACTO TECHNOLOGIES PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 1(3), BENGALURU, BANGALORE
In the result the appeal of the assessee is allowed
ITA 311/BANG/2024[AY 2015-16]Status: DisposedITAT Bangalore20 Feb 2025
Bench: SHRI WASEEM AHMED (Accountant Member), SHRI KESHAV DUBEY (Judicial Member)
For Appellant: Sri Padam Chand Khincha, A.RFor Respondent: Ms. Neera Malhotra, D.R
Section 143(2)Section 144Section 144C(10)Section 144C(5)Section 147Section 148Section 153
X in the absence of accrual of real income.
7. Valuation of IP - Adjustment amounting to INR 3,42,78,18,865
7.1. On the facts and circumstances of the case and in law, the Hon’ble
DRP/Learned AO/Learned TPO erred in making an upward transfer pricing adjustment of INR 3,42,78,18,865 on international transaction of transfer