DCIT (LTU) 2, MUMBAI vs. ASIAN PAINTS LTD, MUMBAI

House\n6A, Shanti Nagar, Santacruz (East)\nMumbai 400 055 PAN – AAACA3622K\nRespondent\nAssessee by : Shri Madhur Agrawal\nRevenue by : Shri Vachashpati Tripathi\nDate of Hearing – 18/01/2024\nDate of Order – 05/03/2024\nORDER\nPER SANDEEP SINGH KARHAIL, J.M.\nThe present cross-appeal has been filed challenging the impugned order\ndated 22/11/2017, passed under section 250 of the Income

DY.CIT 7(1) (1) , MUMBAI vs. M/S. MATTEL TOYS (INDIA) PVT. LTD, MUMBAI

In the result, the appeal of the Revenue is dismissed, whereas,

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant () Assessment Year: 2012-13 Dy. Cit, Circle-7(1)(1), M/S Mattel Toys (India) Pvt. Ltd., Room No. 126, 1St Floor, Phoenix House, B-Wing, 4Th Floor, Vs. Aayakar Bhavan, M.K. Road, 462, Senapati Bapat Marg, Lower Mumbai-400020. Parel, Mumbai-400013. Pan No. Aaccm 2563 P Appellant Respondent

House, B-Wing, 4th floor, Room No. 126, 1st floor, Vs. 462, Senapati Bapat Marg, Aayakar Bhavan, Lower Parel, M.K. Road, Mumbai-400013. Mumbai-400020. PAN No. AACCM 2563 P Appellant Respondent : Assessee by Mr. Ketan Ved, AR Revenue by : Mr. Jitendra Kumar, Sr. DR : Date of Hearing 07/11/2022 : Date of pronouncement 29/12/2022 M/s Mattel Toys (India

THE GREAT EASTERN SHIPPING CO. LTD,MUMBAI vs. DCIT CIR 5(3)(2), MUMBAI

In the result, appeal of the assessee (ITA number 1597/M/2018) is allowed for statistical purposes

Bench: Shri Prashant Maharishi, Am & Shri Narfendrakumar Choudhary , Jm & & The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 N D Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of Income- The Great Eastern Shipping Co. Tax, Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 N D Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 n d floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jeet Kamdar , Shri Falee H Bilimoria and Ms yasmin Dastur ARs Ms.Yasmin Dastur,AR Revenue by : Shri Byomkesh Pradiptakumar Panda CIT DR Date of hearing 15-06-2023 pg. 1 Date of pronouncement

THE GREAT EASTERN SHIPPING CO. LTD,MUMBAI vs. ASST CIT CIR 5(3)(2), MUMBAI

In the result, appeal of the assessee (ITA number 1597/M/2018) is allowed for statistical purposes

Bench: Shri Prashant Maharishi, Am & Shri Narfendrakumar Choudhary , Jm & & The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 N D Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of Income- The Great Eastern Shipping Co. Tax, Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 N D Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 n d floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jeet Kamdar , Shri Falee H Bilimoria and Ms yasmin Dastur ARs Ms.Yasmin Dastur,AR Revenue by : Shri Byomkesh Pradiptakumar Panda CIT DR Date of hearing 15-06-2023 pg. 1 Date of pronouncement

THE GREAT EASTERN SHIPPING CO. LTD,MUMBAI vs. ASST CIT CIR 5(3)(2), MUMBAI

In the result, appeal of the assessee (ITA number 1597/M/2018) is allowed for statistical purposes

Bench: Shri Prashant Maharishi, Am & Shri Narfendrakumar Choudhary , Jm & & The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 N D Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of Income- The Great Eastern Shipping Co. Tax, Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 N D Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 n d floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jeet Kamdar , Shri Falee H Bilimoria and Ms yasmin Dastur ARs Ms.Yasmin Dastur,AR Revenue by : Shri Byomkesh Pradiptakumar Panda CIT DR Date of hearing 15-06-2023 pg. 1 Date of pronouncement

DCIT CIR 5(3)(2), MUMBAI vs. THE GREAT EASTERN SHIPPING CO. LTD, MUMBAI

In the result, appeal of the assessee (ITA number 1597/M/2018) is allowed for statistical purposes

Bench: Shri Prashant Maharishi, Am & Shri Narender Kumar Choudhary , Jm & & The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5 Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of Income- The Great Eastern Shipping Co. Tax, Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 nd floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jeet Kamdar , Shri Falee H Bilimoria and Ms yasmin Dastur ARs Ms.Yasmin Dastur,AR Revenue by : Shri Byomkesh Pradiptakumar Panda CIT DR Date of hearing 15-06-2023 pg. 1 Date of pronouncement

MONDELEZ INDIA FOODS P.LTD (FORMERLY KNOWN AS CADBURY INDIA LIMITED),MUMBAI vs. ASST CIT RG 5(1)(2), MUMBAI

In the result, appeal filed by the assessee for AY 2013-14 is allowed for statistical purpose

Bench: Shri Vikas Awasthy () & Ms. Padmavathy S. ()

House, Unit No.2001, 20th Floor Mumbai-400 020 Tower-3 (Wing C) India Bulls finance Centre), Parel, Mumbai0400 013 PAN : AAAC0460H APPELLANT RESPONDENT Present for the Assessee Shri J.D. Mistri, Shri Hiten Chande Present for the Department Shri Manoj Kumar – CIT DR Date of hearing 07/09/2023 Date of pronouncement 20/09/2023 O R D E R Per Padmavathy S (AM): These

MONDELEZ INDIA FOODS P. LTD,MUMBAI vs. DCIT RG 5(1)(2), MUMBAI

Bench: Vikas Awasthy () & Ms. Padmavathy S. ()

3 Cyber Media Research Ltd (Formerly I D C 10.33% (India) Ltd) 4 HCCA Business Services Pvt Ltd NA 5 Hindustan Housing Co. Ltd NC-Significant RPT 6 Crystal Hues Ltd 11.27% 7 Quadrant Communication Ltd 15.84% 8 Indus Technical and Financial Consultants Ltd 12.05% Average 11.35% 7. Accordingly, the TPO arrived at the TP adjustment as per below working

MONDELEZ INDIA FOODS P.LTD,MUMBAI vs. ASST CIT RG 5(1)(2), MUMBAI

Bench: Vikas Awasthy () & Ms. Padmavathy S. ()

3 Cyber Media Research Ltd (Formerly I D C 10.33% (India) Ltd) 4 HCCA Business Services Pvt Ltd NA 5 Hindustan Housing Co. Ltd NC-Significant RPT 6 Crystal Hues Ltd 11.27% 7 Quadrant Communication Ltd 15.84% 8 Indus Technical and Financial Consultants Ltd 12.05% Average 11.35% 7. Accordingly, the TPO arrived at the TP adjustment as per below working

ASIAN PAINTS LTD,MUMBAI vs. ASST CIT (LTU) 2, MUMBAI

House\n6A, Shanti Nagar, Santacruz (East)\nMumbai 400 055 PAN – AAACA3622K Respondent\nAssessee by : Shri Madhur Agrawal\nRevenue by : Shri Vachashpati Tripathi\nDate of Hearing – 18/01/2024\nDate of Order – 05/03/2024\nORDER\nPER SANDEEP SINGH KARHAIL, J.M.\nThe present cross-appeal has been filed challenging the impugned order\ndated 22/11/2017, passed under section 250 of the Income

THOMAS COOK (INDIA) LTD.,MUMBAI vs. ADDL/ JT/ DY/CIT/ASSTT/ITO, NATIONAL E-ASSESSMENT CENTRE, DELHI

In the result, appeal filed by the assessee is partly allowed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon'Ble

3) of section 92C and send a copy of his order to the Assessing Officer and to the assessee.  Section 92CA(4) of the Act states that on the receipt of the order, the AO shall proceed to compute the total income of the assessee according to section 92C(4) of the Act. On the perusal of the section 92C

PROCTER & GAMBLE HOME PRODUCTS LTD,MUMBAI vs. ADDL CIT RG 8(2), MUMBAI

In the result, ground No. 3 of the

Bench: Shri Pawan Singh & Shri Arun Khodpia(Physical Hearing) Procter & Gamble Home Products Ltd. Addl Cit Rg 8(2) P & G Plaza Cardinal Gracias Rd. Mumbai-400020. Chakala, Andheri (E)- 40009 Vs [Pan:Aaacp4072C] Appellant / Assessee Respondent / Revenue Procter & Gamble Home Products Addl Cit 8(2) Private Limited, Vs Mumbai-400020. P & G Plaza Cardinal Gracias Rd. Chakala, Andheri (E)- 40009 [Pan:Aaacp4072C] Appellant / Assessee Respondent / Revenue

Section 92C(3) of the Act are satisfied; b. Rejecting Vatika Marketing Limited from the set of comparables; Procter & Gamble Home Products Private Limited (AY 2007-08 & 2008-09)) ITA No(s)4191/Mum/2014 & 2876/Mum/2015 c. Retaining Green Care Holdings Limited as a comparable company; d. Not allowing the working capital and risk adjustments. iii. The Appellant prays that the aforesaid

PROCTER & GAMBLE HOME PRODUCTS P.LTD,MUMBAI vs. ADDL CIT 8(2), MUMBAI

In the result, ground No. 3 of the

Bench: Shri Pawan Singh & Shri Arun Khodpia(Physical Hearing) Procter & Gamble Home Products Ltd. Addl Cit Rg 8(2) P & G Plaza Cardinal Gracias Rd. Mumbai-400020. Chakala, Andheri (E)- 40009 Vs [Pan:Aaacp4072C] Appellant / Assessee Respondent / Revenue Procter & Gamble Home Products Addl Cit 8(2) Private Limited, Vs Mumbai-400020. P & G Plaza Cardinal Gracias Rd. Chakala, Andheri (E)- 40009 [Pan:Aaacp4072C] Appellant / Assessee Respondent / Revenue

Section 92C(3) of the Act are satisfied; b. Rejecting Vatika Marketing Limited from the set of comparables; Procter & Gamble Home Products Private Limited (AY 2007-08 & 2008-09)) ITA No(s)4191/Mum/2014 & 2876/Mum/2015 c. Retaining Green Care Holdings Limited as a comparable company; d. Not allowing the working capital and risk adjustments. iii. The Appellant prays that the aforesaid

DCIT 5(3)(2), MUMBAI vs. THE GREAT EASTERN SHIPPING CO.LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of The Great Eastern Shipping Income-Tax, Co. Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 nd floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jitendra Jain, Advocate Shri Falee H Bilimoria, Shri Akram Khan Ms.Yasmin Dastur, Shri Hormuzd Jamshedji, ARs Revenue by : Shri Manoj Mishra, CIT DR Date of hearing 25.08.2023 Date of pronouncement 13.09.2023 ITA Nos. 3272/Mum/2015

THE GREAT EASTERN SHIPPING CO. LTD,MUMBAI vs. DCIT RG 5(3), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of The Great Eastern Shipping Income-Tax, Co. Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 nd floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jitendra Jain, Advocate Shri Falee H Bilimoria, Shri Akram Khan Ms.Yasmin Dastur, Shri Hormuzd Jamshedji, ARs Revenue by : Shri Manoj Mishra, CIT DR Date of hearing 25.08.2023 Date of pronouncement 13.09.2023 ITA Nos. 3272/Mum/2015

MICHAEL PAGE INTERNATIONAL RECRUITMENT PVT LTD,MUMBAI vs. DCIT CIRCLE 14(1)(1), MUMBAI

92C(1) of the\nAct;\n•\nNot appreciating the fact that during the transfer pricing\nassessment proceedings of one of the AEs Michael Page\nInternational Pte. Ltd. for subsequent years from whom the\nAppellant availed such IGS, the Ld. AO and Hon'ble DRP have\nthemselves acknowledged and accepted that such services\nwere in fact being rendered

JT. CIT (OSD) - 2 (3)(1), MUMBAI vs. TATA SONS PRIVATE LTD., MUMBAI

3 and ground No.11 of the appeal. Thus, in view of\nthe above statement made by Id.Counsel for the assessee aforesaid grounds\nare dismissed as not pressed.\nGround No.4 – Transfer Pricing Adjustment on sale of shares of Tata Global\nBeverages Group Ltd. :\n4.\nThe Ld.Counsel for the assessee narrating facts germane to the issue\nsubmitted that during the period relevant

ASIAN PAINTS LTD,MUMBAI vs. ASST CIT LTU, MUMBAI

92C, 92D and 92E,\n\"international transaction\" means a transaction between two or more\nassociated enterprises, either or both of whom are non-residents, in the nature\nof purchase, sale or lease of tangible or intangible property, or provision of\nservices, or lending or borrowing money, or any other transaction having a\nbearing on the profits, income, losses or assets