B G EXPLORATION & PRODUCTION INDIA LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME, DDIT/ ADIT (INTERNATIONAL TAXATION), CIRCLE-1, DEHRADUN, DEHRADUN, UTTARAKHAND
In the result, both the appeals of the assessee are allowed
ITA 13/DDN/2022[2015-16]Status: DisposedITAT Dehradun27 Dec 2022AY 2015-16
Bench: Sh. Kul Bharatdr. B. R. R. Kumar
For Appellant: Sh. Ajay Vohra, Sr. AdvFor Respondent: Sh. Mayak Kumar, JCIT, DR
Section 143(3)Section 144C(5)
transfer pricing adjustment of Rs. 1,73,99,42,587 in total towards international transactions pertaining to payment of management service and unit charges,
IM charges and payroll expenses to its AE.
Ground No. 2: Erroneous rejection of Transactional
Net
Margin
Method
C'TNMM") and selection of Comparable Uncontrolled Price ("CUP") Method
2.1 The learned TPO / AO / DRP / have erred