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Case Law Details

Case Name : Diageo India Private Limited Vs. Deputy Commissioner of Income Tax (ITAT Mumbai)
Appeal Number : ITA No. 8602/Mum/2010
Date of Judgement/Order : 05/09/2011
Related Assessment Year : 2006- 07
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Diageo India Private Limited Vs. DCIT (ITAT Mumbai)- ITAT held that the contractor of bottling unit of the taxpayer and the overseas Diageo group entities are Associated Enterprises (AEs) and transaction entered between them are covered by the provis

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0 Comments

  1. vswami says:

    ACCORDING TO THE SCHEME OF THE RELATED PROVISIONS, ONE ENTITY IS CONSIDERED AN ‘ASSICIATE ENTERPRISE’ OF ANOTHER, PROVIDED THERE IS SOME RELATIONSHIP BETWEEN THE TWO, WHICH IS OF THE NATURE AS ENVISAGED. THAT IS SEEN TO BE SO EVEN UNDER THE DEEMING PROVISION, TO PUT IT DIFFERENTLY, THE SCHEME COMES INTO PLAY ONLY IF THE 2 PARTIES ARE ‘RELATED’ WITHIN THE MEANIONG OF THE ASCHEME; NOT IF ‘UNRELATED’,

    EVEN IN THE REPORTED CASE, THE FACTUAL POSITIION SEEMS TO BE SO. PROCEEDING ON THAT PREMISE, ONE FAILS TO SEE

    THE CORRECTNESS OF THE IMPORT OF THE TERM ‘UNRELATED’ APPEARING IN THE TITLE OF THE WRITE-UP.

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