This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Cherry-Picked Comparables Rejected Assessees Set Ignored – TP Matter Sent Back for Fresh Benchmarking
Case Law Details
- Case Name
- KGS Sourcing India Pvt. Ltd Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
KGS Sourcing India Pvt. Ltd Vs ACIT (ITAT Delhi)
ITAT Delhi partly allowed the assessee’s appeal for AY 2018-19 in KGS Sourcing India Pvt. Ltd., holding that the AO/TPO adopted an unsustainable approach in comparable selection. The authorities included Info Edge (India) Ltd., Majestic Research Services & Solutions Ltd. and AXS Online Pvt. Ltd. without considering settled judicial principles on turnover filters, functional dissimilarity and employee-cost filters.
More importantly, the Tribunal noted that the TPO completely ignored 28 comparables proposed by the assessee, despite detailed ...
Author Info
