ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(3)(1), MUMBAI vs. TATA SONS LIMITED, MUMBAI

In the result, appeal by the Revenue is dismissed

Bench: Shri Pramod Kumar & Shri Sandeep Singh Karhail

92C(3) are not satisfied before the passing of the final Assessment Order. (viii) On the facts and in the circumstances of the case, Transfer Pricing adjustments cannot be made without arriving at the finding that the intention of the assessee was to evade tax or manipulate prices or shift profits outside of India. Further, such finding of tax evasion

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. 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. 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

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. 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

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

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 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

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

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

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

PROCTER & GAMBLE HOME PRODUCTS P.LTD,MUMBAI vs. DCIT 3(3)(1), MUMBAI

The appeals of the assessee are allowed

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am Aayakr Apila Sam./ Ita No. 1095/Mum/2019 (Inaqa-Arna Baya- / Assessment Year 2012-13) Aayakr Apila Sam./ Ita No. 1096/Mum/2019 (Inaqa-Arna Baya- / Assessment Year 2013-14) Aayakr Apila Sam./ Ita No. 1097/Mum/2019 (Inaqa-Arna Baya- / Assessment Year 2014-15)

92C(3), 92CA(2) and 92CA(3) of the Act, which requires: a) the appellant to furnish evidence in support of its own determination of the 5 | P a g e ITAs No.1095-1097/Mum/2019 arm’s length price wherein the same has been maintained by the Appellant in good faith in terms of above mentioned section

PROCTER & GAMBLE HOME PRODUCTS P.LTD,MUMBAI vs. DCIT 3(3)(1), MUMBAI

The appeals of the assessee are allowed

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am Aayakr Apila Sam./ Ita No. 1095/Mum/2019 (Inaqa-Arna Baya- / Assessment Year 2012-13) Aayakr Apila Sam./ Ita No. 1096/Mum/2019 (Inaqa-Arna Baya- / Assessment Year 2013-14) Aayakr Apila Sam./ Ita No. 1097/Mum/2019 (Inaqa-Arna Baya- / Assessment Year 2014-15)

92C(3), 92CA(2) and 92CA(3) of the Act, which requires: a) the appellant to furnish evidence in support of its own determination of the 5 | P a g e ITAs No.1095-1097/Mum/2019 arm’s length price wherein the same has been maintained by the Appellant in good faith in terms of above mentioned section

ACIT- 3(1)(1), MUMBAI vs. MM/S SANOFI INDIA LIMITED (FORMERLY KNOWN AS AVENTIS PHARMA LTD)., MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vikas Awasthy, Hon’Ble & Shri S. Rifaur Rahman, Hon'Ble

House property. The net result would be Nill. There is no change in the tax rate for both the heads of income. Therefore, the claim of the assessee is allowed in this regard considering the above discussions. 26. With regard to Ground No. 6, Ld. AR of the assessee submitted that this ground is not pressed, accordingly the same

M/S SANOFI INDIA LTD (FORMERLY KNOWN AS AVENTIS PHARMA LTD,MUMBAI vs. THE ACIT RG 8(1), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vikas Awasthy, Hon’Ble & Shri S. Rifaur Rahman, Hon'Ble

House property. The net result would be Nill. There is no change in the tax rate for both the heads of income. Therefore, the claim of the assessee is allowed in this regard considering the above discussions. 26. With regard to Ground No. 6, Ld. AR of the assessee submitted that this ground is not pressed, accordingly the same