M/S MIRACLE SOFTWARE SYSTEMS (I) PVT., LTD.,,VISAKHAPATNAM vs. THE DCIT,, VISAKHAPATNAM
In the result, appeal filed by the assessee is partly allowed
ITA 43/VIZ/2015[2008-09]Status: DisposedITAT Visakhapatnam21 Jul 2022AY 2008-09
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./ I.T.A. No.43/Viz/2015 (ननधधारण वषा / Assessment Year :2008-09) M/S. Miracle Software Systems (I) Vs. Dcit, Pvt Ltd., Circle-3(1), Visakhapatnam. Visakhapatnam. Pan: Aabcm 4988 R (अऩीऱधथी/ Appellant) (प्रत्यथी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Sri I. Kama Sashtri, Ca प्रत्यधथी की ओर से / Respondent By : Sri Spg Mudaliar, Sr. Ar
For Appellant: Sri I. Kama Sashtri, CAFor Respondent: Sri SPG Mudaliar, Sr. AR
Section 10ASection 144C(3)Section 92C
transfer pricing when the appellant is eligible for the tax holiday under section 10A of the Act.
2. The Ld. CIT(A) is not correct in rejecting/modifying the claim for elimination of depreciation, the same being an
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extraordinary item, for calculation of Profit Level Indicator while making the comparability analysis with the comparables selected
