KARAM SAFETY PRIVATE LIMITED,UDHAM SINGH NAGAR vs. THE INCOME TAX OFFICER, WARD-2(3)(5), UDHAM SINGH NAGAR

In the result, both the appeals of the assessee are allowed and that of the Stay Applications are dismissed

Bench: Sh. Saktijit Deydr. B. R. R. Kumar

pricing addition of Rs. 78.97 crores; (ii) Secondly, under the approved scheme of amalgamation, the transferee has assumed the liabilities of the transferor company, including tax liabilities; (iii) Thirdly, the consequence of the scheme of amalgamation approved under Section 394 of the Companies Act 1956 is that the amalgamating company ceased to exist. In Saraswati Industrial Syndicate Ltd., the principle

DEPUTY COMMISSIONER OF INCOME TAX, INTERNATIONAL TAXATION, DEHRADUN vs. BG EXPLORATION PRODUCDTION INDIA LIMITED, MUMBAI

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal(Through Video Conferencing)

Transfer Pricing Officer “TPO” in light of the fact that it had declared its international transaction with related parties in both these assessment years. And that the said latter authority passed his identical orders on 29th January, 2016 and 31st October, 2016 proposing intra-group services and interest payment adjustments involving varying sums. We further note that the Assessing Officer

DEPUTY COMMISSIONER OF INCOME TAX, INTERNATIONAL TAXATION, DEHRADUN vs. BG EXPLORATION, MUMBAI

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwal(Through Video Conferencing)

Transfer Pricing Officer “TPO” in light of the fact that it had declared its international transaction with related parties in both these assessment years. And that the said latter authority passed his identical orders on 29th January, 2016 and 31st October, 2016 proposing intra-group services and interest payment adjustments involving varying sums. We further note that the Assessing Officer