US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE ACIT, TRIVANDRUM
In the result, appeal filed by the assessee is partly allowed of statistical purposes
ITA 562/COCH/2022[2017-2018]Status: DisposedITAT Cochin21 Oct 2024AY 2017-2018
Bench: Shri Waseem Ahmed & Shri Soundararajan K.Us Technology International Pvt. Ltd. Acit, Circle - 1(1) 621, Nila, Technopark Campus 1St Floor, Aayakar Bhavan Vs. Kariyavattom, Trivandrum 695581 Kowdiar [Pan: Aaacu5628B] Thiruvananthapuram 695003 (Appellant) (Respondent)
For Appellant: Shri Rajakannan, AdvocateFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 144C(3)Section 92C(3)
depreciation adjustment and (d) risk profile between the Appellant and the comparable companies.
5
US Technology International Pvt. Ltd.
Ground No 6-Imputation of interest on recovery of expenses
6.1
The Ld. AO/DRP erred in imputing interest on recovery of expenses at domestic borrowing rate of the Appellant instead of LIBOR/EURIBOR.
Ground No 7-Erroneous TP adjustment on advances written
