OCEAN INDIA PVT. LTD.,,VISAKHAPATNAM vs. THE ACIT,, VISAKHAPATNAM
In the result, appeal filed by the assessee is allowed
ITA 150/VIZ/2016[2011-12]Status: DisposedITAT Visakhapatnam23 Nov 2020AY 2011-12
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Blei.T. (T.P.) A. No. 150/Viz/2016 (Asst. Year : 2011-12) M/S. Teejay India Pvt. Ltd. Vs. The Acit, Circle-5(1), (Formerly Known As Ocean Visakhapatnam. India Pvt. Ltd.), Plot No. 15, Brandix India Apparel City Pvt. Ltd. Sez, Pudimadaka Road, Atchutapuram, Visakhapatnam. Pan No. Aaaco 9452 H (Appellant) (Respondent)
For Appellant: Shri Ajith Tolani/For Respondent: Shri D.K.Sonowal, CIT(DR)
Section 143(3)Section 92C(3)
gain as operating in nature while computing the gross profit margin of the Appellant and the comparable companies under the CPM method;
6. Without prejudice to the ground 3 and 4 above, even if the Transactional Net Margin Method (TNMM) is to be applied as the most appropriate method, the Appellant humbly prays before the Hon’ble
Bench that
