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If business of comparable company & assessee remains unchanged from last year, the company can’t be held incomparable in current year
Case Law Details
- Case Name
- Eli Lilly & Co. (India) Pvt. Ltd. Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
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Brief of the case:
In the case of Eli Lilly & Co. (India) Pvt. Ltd. Vs. ACIT Delhi bench of ITAT have held that as there is no change in the facts for the instant assessment year, the AO/DRP is directed to include EDCIL (the company excluded by TPO) in the final set of comparable companies. ITAT relied upon the decision of ITAT, Mumbai in the case of ACIT vs. NGC Network India (P) Ltd. 10 taxmann.com 140 wherein it was held that These comparables and the method of computation of arm’s length price has been accepted by the department in the subsequent assessment year i.e. 2004-05. Therefo...
