DCIT, CIRCLE-4(2), KOLKATA, KOLKATA vs. M/S VISHNU TEA & INDUSTRIES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee is allowed in part

Bench: Sri J. Sudhakar Reddy, Hon’Ble Am & Sri Aby T. Varkey, Hon’Ble Jm] I.T.A. No. 1749/Kol/2016 Assessment Year: 2008-09 C.O. No. 64/Kol/2016 A/O. I.T.A. No. 1749/Kol/2016 Assessment Year: 2008-09

House Kolkata – 700 001 [PAN : AACCV 1846 Q] Appearances by: Shri Dev Kumar Kothari, FCA, appearing on behalf of the assessee. Shri Saurabh Kumar, Additional CIT, DR., appearing on behalf of the Revenue. Date of concluding the hearing : November 06, 2017 Date of pronouncing the order : , 2017 2 I.T.A. No. 1749/Kol/2016 C.O. No. 64/Kol/2016 A/o. I.T.A. No. 1749/Kol/2016 Assessment Year

DCIT, CIRCLE-4(2), KOLKATA, KOLKATA vs. M/S VISHNU TEA & INDUSTRIES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee is allowed in part

Bench: Sri J. Sudhakar Reddy, Hon’Ble Am & Sri Aby T. Varkey, Hon’Ble Jm] I.T.A. No. 1749/Kol/2016 Assessment Year: 2008-09 C.O. No. 64/Kol/2016 A/O. I.T.A. No. 1749/Kol/2016 Assessment Year: 2008-09

House Kolkata – 700 001 [PAN : AACCV 1846 Q] Appearances by: Shri Dev Kumar Kothari, FCA, appearing on behalf of the assessee. Shri Saurabh Kumar, Additional CIT, DR., appearing on behalf of the Revenue. Date of concluding the hearing : November 06, 2017 Date of pronouncing the order : , 2017 2 I.T.A. No. 1749/Kol/2016 C.O. No. 64/Kol/2016 A/o. I.T.A. No. 1749/Kol/2016 Assessment Year

DCIT, CIRCLE-4(2), KOLKATA, KOLKATA vs. M/S VISHNU TEA & INDUSTRIES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee is allowed in part

Bench: Sri J. Sudhakar Reddy, Hon’Ble Am & Sri Aby T. Varkey, Hon’Ble Jm] I.T.A. No. 1749/Kol/2016 Assessment Year: 2008-09 C.O. No. 64/Kol/2016 A/O. I.T.A. No. 1749/Kol/2016 Assessment Year: 2008-09

House Kolkata – 700 001 [PAN : AACCV 1846 Q] Appearances by: Shri Dev Kumar Kothari, FCA, appearing on behalf of the assessee. Shri Saurabh Kumar, Additional CIT, DR., appearing on behalf of the Revenue. Date of concluding the hearing : November 06, 2017 Date of pronouncing the order : , 2017 2 I.T.A. No. 1749/Kol/2016 C.O. No. 64/Kol/2016 A/o. I.T.A. No. 1749/Kol/2016 Assessment Year

M/S PHILIPS INDIA LTD.,KOLKATA vs. DCIT, CIR-12(2), KOLKATA, KOLKATA

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

property rights. (e) R&D activities –further the company is also involved in R&D activities. (f) Not appearing in the final list of comparables of the TPO order in the assessee own case- Infosys Ltd. is not appearing in the final list of comparables in respect to the TPO order for:- " AY 2009-10 (refer

DCIT, CIR-12(2), KOLKATA, KOLKATA vs. M/S PHILIPS INDIA LTD., KOLKATA

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

property rights. (e) R&D activities –further the company is also involved in R&D activities. (f) Not appearing in the final list of comparables of the TPO order in the assessee own case- Infosys Ltd. is not appearing in the final list of comparables in respect to the TPO order for:- " AY 2009-10 (refer