{"id":17992,"date":"2021-05-10T16:56:39","date_gmt":"2021-05-10T11:26:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/gco-technologies-centre-p-ltd-v-ito-2020-84-itr-21-sn-mum-trib-2\/"},"modified":"2021-08-09T06:42:36","modified_gmt":"2021-08-09T01:12:36","slug":"gco-technologies-centre-p-ltd-v-ito-2020-84-itr-21-sn-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gco-technologies-centre-p-ltd-v-ito-2020-84-itr-21-sn-mum-trib-2\/","title":{"rendered":"Gco Technologies Centre P. Ltd. v. ITO (2020) 84 ITR 21 (SN)\/(2021)  187 ITD 136      (Mum.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that Loss making companies to be excluded. High margin cannot be excluded unless backed by certain extraordinary events. Risk adjustment to be considered. Adjustment to be worked out\u00a0 applying average profit level indicator of\u00a0 comparables to cost of\u00a0 international transactions and\u00a0 not on its\u00a0 sale turnover.(AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparable-Loss making companies to be excluded-High margin cannot be excluded unless backed by certain extraordinary events-Risk adjustment to be considered-Adjustment to be worked out  applying average profit level indicator of  comparables to cost of  international transactions and  not on its  sale turnover.<\/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-17992","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Gc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17992","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=17992"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17992\/revisions"}],"predecessor-version":[{"id":21022,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17992\/revisions\/21022"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}