Dismissing the appeal of the revenue\u00a0 the Court held that\u00a0 from a perusal of the provisions, it is evident that sub-sections\u00a0(1)\u00a0and\u00a0(2)\u00a0of section\u00a092A\u00a0of the\u00a0Income-tax Act, 1961\u00a0are interlinked and have to be read together. Sub-section\u00a0(2)\u00a0of section\u00a092A\u00a0was amended with effect from April 1, 2002 to clarify that the mere fact of participation by one enterprise in the management or control or capital of the other enterprise, or the participation of one or more persons in the management or control or capital of both the enterprises shall not make them associated enterprises, unless the criteria specified in sub-section\u00a0(2)\u00a0are fulfilled. On facts the finding recorded by the Tribunal that the assessee had not complied with the provisions of sub-section\u00a0(1)\u00a0of section\u00a092A\u00a0of the Act, had not been assailed by the Revenue. The Tribunal was right in law in setting aside the disallowance.( AY. 2010-11)<\/p>\n
\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" S. 92A : Transfer pricing – Associated enterprises -Sub-Sections (1) and (2) of Section 92A must be read together \u2014No disallowance can be made – Finding if fact \u2013 No question of law .[ S.260A ] <\/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":[21],"tags":[],"class_list":["post-17467","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4xJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17467","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=17467"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17467\/revisions"}],"predecessor-version":[{"id":17468,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17467\/revisions\/17468"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}