{"id":24490,"date":"2022-01-29T12:47:41","date_gmt":"2022-01-29T07:17:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/carrier-midea-india-p-ltd-v-dcit-2021-191-itd-286-delhitrib\/"},"modified":"2022-01-29T12:47:41","modified_gmt":"2022-01-29T07:17:41","slug":"carrier-midea-india-p-ltd-v-dcit-2021-191-itd-286-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/carrier-midea-india-p-ltd-v-dcit-2021-191-itd-286-delhitrib\/","title":{"rendered":"Carrier Midea India (P.) Ltd. v. DCIT (2021) 191 ITD 286 (Delhi)(Trib.)"},"content":{"rendered":"<p>Assessee was engaged into manufacturing and trading of light commercial air-conditioning systems. The assessee applied other method by considering gross margin of comparable companies with gross margin earned by it. TPO applied TNMM\u00a0 and made addition. On appeal the Tribunal held that relevant year was first year of manufacturing undertaken by assessee and it had been constantly following other methods in succeeding years which had been accepted by TPO. Following the\u00a0 rule of consistency matter remitted back to TPO to decide afresh as to whether other method\u00a0 applied by assessee was MAM.\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Manufacturing and trading of light commercial air-conditioning systems-Methods-Transactional Net Margin Method  (TNMM)-Other method-MAM-Rule of consistency was followed-Directed to other method.<\/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-24490","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6n0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24490","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=24490"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24490\/revisions"}],"predecessor-version":[{"id":24491,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24490\/revisions\/24491"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}