TOPSGRUP ELECTRONICS SYSTEMS LTD,MUMBAI vs. ITO WD 8(3)(3), MUMBAI
In the result, the assessee’s appeal for assessment year 2009-10 is allowed as indicated above
ITA 2115/MUM/2015[2009-10]Status: DisposedITAT Mumbai15 Feb 2016AY 2009-10
Bench: Shri Jason P. Boaz & Shri Amit Shuklam/S. Topsgrup Electronic Systems Income Tax Officer-8(3)(3) Ltd. (Previsously Tops Sequipment Ltd.) Àayakar Bhavan, M.K. Road 5, Royal Palms Golf & Country Club Vs. Mumbai 400020 Aarey Milk Colony, Goregaon (E) Mumbai 400065 Pan - Aaact3291K Appellant Respondent
For Appellant: Shri S.M. LalaFor Respondent: Shri Mukesh Kumar Shah
Section 143(3)Section 92C
VB, Netherlands. It was submitted by the assessee that while this transaction is admittedly an international transaction under section 92B of the Act, however no income has arisen out of this transaction. Therefore, the learned A.R. for the assessee submitted that in the absence of income, this transaction is not required to be benchmarked and the same is beyond
