DCIT, CIR-2(2), KOLKATA, KOLKATA vs. M/S NOMURA RESEARCH INSTITUTE & FINANCIAL TECHNOLOGIES PVT. LTD., KOLKATA
In the result, the appeal of the assessee in ITA No
ITA 485/KOL/2016[2011-2012]Status: DisposedITAT Kolkata26 Oct 2018AY 2011-2012
Bench: Hon’Ble Shri A.T.Varkey, Jm & Hon’Ble Shri M.Balaganesh, Am ] I.T.A No. 284/Kol/2016 Assessment Year : 2011-12 Nomura Research Institute Financial Tech.(I) Pvt. Ltd. -Vs- Dcit, Circle-2(2), Kolkata (Formerly Anshin Software Pvt. Ltd.) [Pan: Aadca 8967 A] (Appellant) (Respondent) I.T.A No. 485/Kol/2016 Assessment Year : 2011-12 Dcit, Circle-2(2), Kolkata -Vs- Nomura Research Institute Financial Tech.(I) Pvt. Ltd. (Formerly Anshin Software Pvt. Ltd.) [Pan: Aadca 8967 A] (Appellant) (Respondent)
For Appellant: Shri J.P. Khaitan, Senior AdvocateFor Respondent: Shri G. Mallikarjuna, CIT DR
Section 139(5)Section 143(3)Section 144C(5)Section 92Section 92F
Section 92 of the Act are applicable in respect of the transactions of rendering services of software development services by the assessee to its AE.
5.1. To justify the price received by the assessee as one at Arm’s Length, the assessee filed a transfer pricing analysis in which the assessee adopted Operating
Profit to Operating Cost
