ZENZI PHARMACEUTICAL INDUSTIES PVT LTD.,MUMBAI CITY vs. CIT (TRANSFER PRICING)-4, MUMBAI CITY

In the result all the four appeals filed by the assessee are dismissed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

263 of the income tax act and held that the impugned order of the learned transfer-pricing officer is erroneous insofar as it is prejudicial to the interest of the revenue. He directed the learned transfer-pricing officer to make fresh order under section

ZENZI PHARMACEUTICAL INDUSTIES PVT LTD.,MUMBAI vs. CIT (TRANSFER PRICING)-4, MUMBAI

In the result all the four appeals filed by the assessee are dismissed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

263 of the income tax act and held that the impugned order of the learned transfer-pricing officer is erroneous insofar as it is prejudicial to the interest of the revenue. He directed the learned transfer-pricing officer to make fresh order under section

ZENZI PHARMACEUTICAL INDUSTIES PVT LTD.,MUMBAI vs. CIT (TRANSFER PRICING)-4, MUMBAI

In the result all the four appeals filed by the assessee are dismissed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm

263 of the income tax act and held that the impugned order of the learned transfer-pricing officer is erroneous insofar as it is prejudicial to the interest of the revenue. He directed the learned transfer-pricing officer to make fresh order under section

3I INFOTECH LIMITED,MUMBAI vs. PR. CIT- 15, MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm 3I Infotech Limited Pcit-15 Tower No.5, 5Th Floor, Aaykar Bhavan, 3Rd To 6Th Floors, Vs. International Infotech Park, Mumbai-400 020 Vashi, Navi Mumbai-400 703 (Appellant) (Respondent) Pan No. Aaaci5205Q Assessee By : Shri Bhupendra Karkhanis, Shri Jay Dharod, Ars Revenue By : Ms. Samruddhi Hande, Dr Date Of Hearing: 17.02.203 Date Of Pronouncement : 10.05.2023

Transfer Pricing Officer (TPO) for determination of Arm's Length Price and the reasons assigned for doing so are wrong and contrary to the facts and circumstances of the case, provisions of the Income Tax Act, 1961, and the Rules made there under. (b) The Id. Pr. Commissioner of Income Tax erred in invoking the revisionary powers under section 263

JMJ GANPATIJI MAHARAJA HOSPITALITY PVT. LTD.,MUMBAI vs. DCIT- CENTRAL CIRCLE 2(2), MUMBAI

In the result, both the appeal

Bench: Shri Sandeep Gosain () & Shri Om Prakash Kant ()

Transfer Pricing Officer, as the case may be,] shall be deemed to be erroneous in so far as it shall be deemed to be erroneous in so far as it is prejudicial to the interests of the is prejudicial to the interests of the revenue, if, in the opinion of the Principal revenue, if, in the opinion of the Principal

JMJ GANPATIJI MAHARAJA HOSPITALITY PVT. LTD.,MUMBAI vs. DCIT- CENTRAL CIRCLE 2(2), MUMBAI

In the result, both the appeal

Bench: Shri Sandeep Gosain () & Shri Om Prakash Kant ()

Transfer Pricing Officer, as the case may be,] shall be deemed to be erroneous in so far as it shall be deemed to be erroneous in so far as it is prejudicial to the interests of the is prejudicial to the interests of the revenue, if, in the opinion of the Principal revenue, if, in the opinion of the Principal

VODAFONE INDIA LTD,MUMBAI vs. ASST CIT 8(3)(2), MUMBAI

transferring pre-paid talk time and connections and accordingly the discount extended was not income earned by the distributors. 7.2. In the Draft Assessment Order, dated 31/03/2015, the Assessing Officer proposed disallowance under Section 40(a)(ia) of the Act on the upfront discount extended to the pre-paid distributors by terming the arrangement as 'Principal to Agent instead

KKR INDIA ADVISORS PVT. LTD.,MUMBAI vs. PR. CIT - CIRCLE -6, MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm Kkr India Advisors Private Pr. Commissioner Of Income Limited 2Nd Floor, Piramal Tower, Tax, Circle 6 515, Aaykar Bhavan, Peninsula Corporate Park, Vs. Ganpatrao Kadam Marg, Maharshi Karve Road, Lower Parel, Mumbai-400 020 Mumbai-400 013 (Appellant) (Respondent) Pan No. Aadck5826G

263 of the Act, the learned Assessing Officer on 26 June 2019 referred the international transaction to the learned Transfer Pricing Officer with direction of the learned PCIT. Consequent to that, the learned Transfer Pricing Officer passed an order under Section