ACIT - 8(2), MUMBAI vs. M/S. PHILIPS MEDICAL SYSTEMS INDIA P. LTD., MUMBAI

In the result, the appeal of the assessee is partly allowed, while the Revenue’s appeals are dismissed

Bench: Shri P.M. Jagtap & Shri Satbeer Singh Godara

section 271(1)(c). 2. The main issue involved in these cross appeals relates to the addition of Rs.6,06,06,000/- made by the Assessing Officer/Transfer Pricing Officer on account of transfer pricing adjustment, which is sustained by the ld. CIT(Appeals) to the extent of Rs.2,60,32,000/-. 3. The assessee in the present case

M/S. PHILIPS MEDICAL SYSTEMS P. LTD.,MUMBAI vs. ITO - 8(2)(2), MUMBAI

In the result, the appeal of the assessee is partly allowed, while the Revenue’s appeals are dismissed