CIT vs Tara Jewels Exports P. Ltd

CASE NAME: CIT vs Tara Jewels Exports P. Ltd
CORAM: M. S. Sanklecha J, G. S. Kulkarni J
SECTION(S): , ,
SUBJECT/ CATCH WORDS: Transfer Pricing - Adjusment only in respects of Transactions with AE
COUNSEL (AR): B. V. Jhaveri
COUNSEL (DR) : Arvind Pinto
HIGH COURT APPEAL NO : 1814 of 2013
DATE OF ORDER: 05/10/2015
AY: 2006 - 2007
QUESTION(S) ADMITTED: “Whether in law and on the facts of the instant case, was the Tribunal justified in holding that while computing the ALP of international transactions the AO/TPO is precluded from taking into consideration transactions with Non Associate Enterprises, while arriving at the ALP using the Net Transactional Margin Method (TNMM); whereas Rule 10B(1)(e) mandates the consideration of profit margins with unrelated enterprises?
QUESTION(S) DISMISSED : NA
FILE: Click here to download the order in pdf
CITATION: (2016) 381 ITR 404 (Bom)(HC)
ARISING OUT OF ITA NO & DATE : ITA No.6972/Mum/2010
CITATION OF ITAT's ORDER: NA
SLP FILED OR NOT? : NA
ORDER ACCEPTED OR NOT? : Yes
FINAL DISPOSAL OFF/ DATE/ CORAM/ CITATION : NA