THE ACIT, CORP CIRCLE-1(1), KOCHI, ERNAKULAM vs. APPOLO TYRES LTD, ERNAKULAM

In the result, the appeal filed by the Revenue in ITA No

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Transfer Pricing adjustment @ 0.6% as claimed by the assessee and to remove the three companies out of five companies arrived by the TPO, which are broadly engaged in similar services and therefore functionally comparable. 5. In the facts and circumstances of the case, the learned Commissioner of Income Tax (Appeals) erred in allowing deduction u/s. 80IA on gas turbine unit