Transfer Pricing – As other income of the assessee is excluded from the net profit, the other income of comparable companies should also be excluded from their net profit and the full data of the comparables should also be provided to the assessee

Kem Tron Technology (P) Ltd. Vs CIT ITAT Ahmedabad ITA No. 356 (Ahd.) of 2008 Assessment Year: 2004-05 Decided on: 17 June 2011 Order D.K. Tyagi, JM 1. This appeal by the assessee has been preferred against the order dated 7-12-2007 of CIT(A)-V, Baroda for the assessment year 2004-05. The assessee has taken the following grounds of appeal: “1.00 On the facts and in the circumstances of our appellant case as well as in law, the Hon’ble Commissioner of Income-tax (A)-V, BRD had erred in confirming the Order of ld. Asstt. Comm. of Income-tax, Circle 1(2), BRD on acco...