PHILIPS FOODS INDIA PRIVATE LIMITED,TUTICORIN vs. PCIT-1, MADURAI

In the result, the appeal of the assesse is allowed

Section 139(1) of\nthe Income-tax Act, 1961 declaring a total income of Rs.2,81,88,910/-.\nThe international transactions with Associated Enterprises were duly\nreported in the Accountant's Report in Form 3CEB filed in accordance\nwith the provisions of Indian Transfer Pricing Regulations contained in\nsections 92, 92A to 92F

ASSISTANT COMMISSIONER OF INCOME TAX, TIRUPPUR vs. PRABHU SPINNING MILLS PRIVATE LIMITED, TIRUPPUR

In the result all the grounds raised by the revenue for the A

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita Nos.:433 & 435/Chny/2025 धनिाजरण वर्ज / Assessment Year: 2018-19 & 2017-18 Acit, Circle -1 Prabhu Spining Mills Private 121, Adarns Plaza, Vs. Limited, 60, Feet Road, No. 207 – 86, Mangalam Road, Tiruppur – 641 602. Karuvampalayam, Tiruppur – 641 604. Tamil Nadu. (अपीलाथी/Appellant) [Pan:Aabcp-0750-E] (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. Arv Sreenivasan, Cit प्रत्यथी की ओर से/Respondent By : Shri. T. Banusekar, Advocate. सुनवाई की तारीख/Date Of Hearing : 16.07.2025 घोर्णा की तारीख/Date Of Pronouncement : 13.08.2025

transfer of goods and services referred in this sub-section falls within SDT and therefore, arm‟s length price has to be determined as per Section 92F

ASSISTANT COMMISSIONER OF INCOME TAX, TIRUPUR vs. SRI SHANMUGAVEL MILLS PRIVATE LIMITED, TIRUPUR

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

transfer of goods and services referred in this sub-section falls within SDT and therefore, arm‟s length price has to be determined as per Section 92F

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1,TIRUPPUR, TIRUPPUR vs. PRABHU SPINNING MILLS PRIVATE LIMITED, TIRUPPUR

In the result all the grounds raised by the revenue for the A

transfer of goods and services referred in\nthis sub-section falls within SDT and therefore, arm's length price has to be\ndetermined as per Section 92F

POLARIS SOFTWARE LAB LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal for assessment year

Bench: Shri N.R.S. Ganesan & Shri Sanjay Aroraआयकर अपील सं./Ita No.1218/Mds/2016 "नधा"रण वष" / Assessment Year : 2010-11 & आयकर अपील सं./Ita No.615/Mds/2016 "नधा"रण वष" / Assessment Year : 2011-12

Section 92F(iii) of the Act and Rule 10B(1)(e) of the Income-tax Rules, 1962 shows that the net profit margin of the enterprise which is in India, has to be determined by applying the Transfer Pricing

POLARIS CONSULTING & SERVICES LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal for assessment year

Bench: Shri N.R.S. Ganesan & Shri Sanjay Aroraआयकर अपील सं./Ita No.1218/Mds/2016 "नधा"रण वष" / Assessment Year : 2010-11 & आयकर अपील सं./Ita No.615/Mds/2016 "नधा"रण वष" / Assessment Year : 2011-12

Section 92F(iii) of the Act and Rule 10B(1)(e) of the Income-tax Rules, 1962 shows that the net profit margin of the enterprise which is in India, has to be determined by applying the Transfer Pricing

DCIT, CHENNAI vs. POLARIS CONSULTING & SERVICES P LTD., CHENNAI

In the result, the assessee’s appeal for assessment year

Bench: Shri N.R.S. Ganesan & Shri Sanjay Aroraआयकर अपील सं./Ita No.1218/Mds/2016 "नधा"रण वष" / Assessment Year : 2010-11 & आयकर अपील सं./Ita No.615/Mds/2016 "नधा"रण वष" / Assessment Year : 2011-12

Section 92F(iii) of the Act and Rule 10B(1)(e) of the Income-tax Rules, 1962 shows that the net profit margin of the enterprise which is in India, has to be determined by applying the Transfer Pricing

DCIT, CHENNAI vs. SIVA VENTURES LIMITED, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 55 of the Act”. In this regard, it ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014, 663/Chny/2015 (CO No.51/Chny/2014 in ITA No.1075/Chny/2014) - 14 -: ITA Nos.1417 & 1421/Chny/2016 was submitted that this plea being purely a legal ground which do not require investigation of additional facts , it may be admitted and decided on merits. 13. We have considered the assesseee

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 55 of the Act”. In this regard, it ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014, 663/Chny/2015 (CO No.51/Chny/2014 in ITA No.1075/Chny/2014) - 14 -: ITA Nos.1417 & 1421/Chny/2016 was submitted that this plea being purely a legal ground which do not require investigation of additional facts , it may be admitted and decided on merits. 13. We have considered the assesseee

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 55 of the Act”. In this regard, it ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014, 663/Chny/2015 (CO No.51/Chny/2014 in ITA No.1075/Chny/2014) - 14 -: ITA Nos.1417 & 1421/Chny/2016 was submitted that this plea being purely a legal ground which do not require investigation of additional facts , it may be admitted and decided on merits. 13. We have considered the assesseee

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

section 55 of the Act”. In this regard, it ITA Nos.1040/Chny/2014 & 1392, 1393, 1390, 1391, 1973/Chny/2016 ITA Nos.1075/Chny/2014, 663/Chny/2015 (CO No.51/Chny/2014 in ITA No.1075/Chny/2014) - 14 -: ITA Nos.1417 & 1421/Chny/2016 was submitted that this plea being purely a legal ground which do not require investigation of additional facts , it may be admitted and decided on merits. 13. We have considered the assesseee

NIPPON PAINT INDIA PRIVATE LIMITED,CHENNAI vs. ACIT, CHENNAI

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

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singhआयकर अपील सं./Ita No.779/Mds/2016 "नधा"रण वष" /Assessment Year: 2011-12

pricing provisions, such as AMP expense. The contention of the ld. DR about abnormal increase in 57 ITA Nos.5650/Del/11, 6240/Del/12 & 916/Del/14 advertisement expenses in comparison to preceding year, does not render any help to the Revenue, keeping in view the proportionate rise in turnover of assessee. We accordingly direct the assessing officer to delete the adjustment made on this account

HOSPIRA HEALTHCARE INDIA PRIVATE LIMITED,CHENNAI vs. DCIT, CHENNAI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.469/Chny/2017 िनधा<रण वष< /Assessment Year: 2012-13 M/S. Hospira Healthcare India The Dy. Commissioner Of Pvt. Ltd., Vs. Income Tax, Sri-Nivas, New No.86 (Old No.89), Corporate Circle-2(2), Gn Chetty Road, T Nagar, Chennai. Chennai – 600 017. [Pan: Aaabco 2190F] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Shri Sriram Seshadri, C.A Jkथ" की ओर से /Respondent By : Shri A. Sasikumar, Cit सुनवाई की तारीख/Date Of Hearing : 25.04.2024 घोषणा की तारीख /Date Of Pronouncement : 22.07.2024 आदेश / O R D E R Per Jagadish, A.M : Aforesaid Appeal Filed By The Assessee Against The Assessment Order Passed By The Dcit, Corporate Circle-2(2), Chennai U/S.143(3) R.W.S. 144C(13) Of The Income Tax Act, 1961 (Hereinafter “The Act”) For The Assessment Year 2012-13, In Pursuance Of The Directions Issued By The Dispute Resolution Panel, Bengalore (Hereinafter ‘Drp’) Vide Directions Dated 09.11.2016. :- 2 -:

92F(ii) to mean: `a price which is applied or proposed to be applied in a transaction between persons other than associated enterprises, in uncontrolled conditions’. Section 92C dealing with computation of ALP provides through sub-section (1) that the ALP shall be determined by any of the following methods, being the most appropriate method, having regard to the nature

ORCHID CHEMICALS AND PHARMACEUTICALS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal is allowed in the terms indicated above

Transfer Pricing treated Northstar and Actavis as associated enterprises of the assessee. The TPO, inter alia, observed that “There is no need to give a separate finding on the objections raised (which included objections against Northstar and Activas being treated as AEs) since they have been adjudicated by a higher forum” and that “since the facts have not undergone

INDIA PISTONS LTD,CHENNAI vs. ACIT, CORPORATE CIRCLE-2(3), CHENNAI

In the result, the appeals of the assessee are dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.2207 & 2208/Chny/2017 "नधा"रण वष" /Assessment Years : 2004-05 & 2004-05. M/S.India Pistons Ltd, Vs. The Assistant Commissioner Arjay Apex Centre, Of Income Tax, No.24, College Road, Corporate Circle 2(3) Chennai 600 026. Chennai 600 034. [Pan Aaaci 1439E] (अपीलाथ"/Appellant) (""यथ"/Respondent)

transfer prices to align them with arm's length prices determined under these rules and consequent adjustment made to the total income for tax purposes ; (m) any other information, data or document, including information or data relating to the associated enterprise, which may be relevant for determination of the arm's length price. (2) .......................... (2A) ....................... (3) The information specified

M/S. ASHOK LEYLAND LIMITED,CHENNAI vs. ACIT NON CORPORATE CIRCLE 8(1)-LTU-2, , CHENNAI

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue stands dismissed

Bench: Shri Aby T. Varkey & Shri Jagadish

price as defined in clause (ii) of section 92F, where the transfer of such goods or services is a specified

ACIT NON CORPORATE CIRCLE 8(1)-LTU-2, , CHENNAI vs. M/S. ASHOK LEYLAND LIMITED, CHENNAI

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue stands dismissed

Bench: Shri Aby T. Varkey & Shri Jagadish

price as defined in clause (ii) of section 92F, where the transfer of such goods or services is a specified

J RAY MCDERMOTT ENGINEERING SERVICES PRIVATE LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 2(2), CHENNAI

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

Bench: Shri Mahavir Singh, Vice- & Shri G.Manjunathaआयकरअपीलसं./I.T.A.No.3239/Chny/2017 ("नधा"रणवष" / Assessment Year: 2013-14) Vs The Deputy Commissioner Of M/S. J Ray Mcdermott Engineering Income Tax, Services Pvt. Ltd. Rmz Millenia Business Park, 6Th Corporate Circle-2(2) 512, Wanaparthy Block, Floor, Campus 3B, No.143, Chennai-34. Dr.Mgr Road, Kandanchavady, Chennai-600 096. Pan: Aabcj 6787H (अपीलाथ"/Appellant) (""यथ"/Respondent)

Transfer Pricing regulations contained in section 92, 92A to 92F of the Income Tax Act, 1961. The assessee has aggregated