{"id":18791,"date":"2021-05-30T18:42:06","date_gmt":"2021-05-30T13:12:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-open-solutions-software-services-p-ltd-2020-191-dtr-76-315-ctr-497-delhi-hc\/"},"modified":"2021-05-30T18:42:06","modified_gmt":"2021-05-30T13:12:06","slug":"pcit-v-open-solutions-software-services-p-ltd-2020-191-dtr-76-315-ctr-497-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-open-solutions-software-services-p-ltd-2020-191-dtr-76-315-ctr-497-delhi-hc\/","title":{"rendered":"PCIT v. Open Solutions Software Services P. Ltd. (2020) 191 DTR 76 \/ 315 CTR 497 (Delhi) (HC )"},"content":{"rendered":"<p><em>Dismissing the appeal of the revenue the Court held that\u00a0 none of comparables have been excluded on the ground of high turnover alone. The test of functional similarity applied by the Tribunal is in consonance with the legal position discussed herein above. Therefore, there is no merit in the contentions urged by the Revenue on this ground. Court cannot hold that merely because a comparable clears the filters, its inclusion in the list of comparables is immune to challenge by the assessee<\/em><em>.(<\/em> AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing \u2013 Arm\u2019s length price \u2013 Comparable &#8211;  Test of functional similarity applied by Tribunal is in consonance with legal position discussed herein above\u2014 Order of Tribunal is affirmed [ S.92B(2), 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-18791","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4T5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18791","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=18791"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18791\/revisions"}],"predecessor-version":[{"id":18792,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18791\/revisions\/18792"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}