ITAT Grants Stay as additions were on debatable Points

Abacus Distribution System (India) Pvt. Ltd. Vs ACIT (ITAT Mumbai) Abacus Distribution wins stay against Rs.8.81 Cr tax demand. Transfer pricing & depreciation issues contested. Next hearing on 8th July 2013. The ld. Counsel has pointed out that for assessment years 2004-05 to 2007-08 the service charges paid to the AE have been accepted by the department and only for the year under consideration, the TPO held the ALP of service charges at nil and consequently the entire service charges have been added to the income of the assessee. He has further submitted the claim of brou...