{"id":1525,"date":"2018-06-30T11:18:37","date_gmt":"2018-06-30T11:18:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-softbrands-india-p-ltd-karnhc-www-itatonline-org\/"},"modified":"2018-09-14T16:19:45","modified_gmt":"2018-09-14T16:19:45","slug":"pcit-v-softbrands-india-p-ltd-karnhc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-softbrands-india-p-ltd-karnhc-www-itatonline-org\/","title":{"rendered":"PCIT v. Softbrands India P. Ltd ( 2018) 406 ITR 513 \/168 DTR 185\/ 303 CTR 695 (Karn)(HC), www.itatonline.org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; Transfer Pricing Adjustments on the basis of the comparables are a matter of estimate of broad and fair guess-work of the Authorities based on relevant material. The exercise of fact finding or \u2018Arm\u2019s Length Price\u2019 determination or \u2018Transfer Pricing Adjustments\u2019 should become final with a quietus at the hands of the final fact finding body, i.e. the Tribunal. The ITAT&#8217;s findings of fact cannot be challenged in the High Court unless it is shown that the findings are ex-facie perverse and unsustainable and exhibit total non-application of mind by the Tribunal to the relevant facts of the case and evidence before it. <strong>\u00a0<\/strong>( ITA.No.536\/2015, dt. 25.06.2018) ( AY.2006 -07)<\/p>\n<p><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Softbrands-Transfer-Pricing.pdf\"><strong>[Click here to download PDF file]<\/strong><\/a><\/p>\n<p><strong>\u00a0\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 260A : Appeal &#8211; High Court -Transfer pricing &#8211; Substantial questions of law-Comparables- Arm\u2019s  length price- \u2018Transfer Pricing Adjustments\u2019 should become final with a quietus at the hands of the final fact finding body, i.e. the Tribunal. The ITAT&#8217;s findings of fact cannot be challenged in the High Court unless it is shown that the findings are ex-facie perverse and unsustainable and exhibit total non-application of mind by the Tribunal to the relevant facts of the case and evidence before it[ S.92C ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1525","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-oB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1525"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1525\/revisions"}],"predecessor-version":[{"id":2391,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1525\/revisions\/2391"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}