THE PR. COMMISSIONER OF INCOME TAX GURGAON vs. M/S EQUANT SOLUTIONS INDIA PVT LTD

Appeals stand disposed of in the above terms

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

Section 19 CA(3) of the Income Tax Act, 1961 (for short the 'Act') on 9th January, 2014 accepting TNMM as the most appropriate method, however, the Transfer Pricing Officer chose certain comparables for IT services and ITES services with a mean “OP/TC” of 25.17 of IT services and 30.45% for IT enabled services and proposed transfer pricing adjustments

M/S PUNJAB INSTITUTE OF MEDICAL SCIENCES, GARHA ROAD , JALANDHAR vs. COMMISSIONER OF INCOME TAX JALANDHAR AND ANR

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

8. ITA No. 196 of 2023 (O&M) The Commissioner of Income Tax (Exemptions), Chandigarh … Appellant Versus M/s Punjab Institute of Medical Sciences, Jalandhar …Respondent 9. ITA No. 197 of 2023 (O&M) The Commissioner of Income Tax (Exemptions), Chandigarh … Appellant Versus M/s Punjab Institute of Medical Sciences, Jalandhar …Respondent 10. ITA No. 199 of 2023 (O&M) Reserved