{"id":29658,"date":"2022-09-09T14:30:50","date_gmt":"2022-09-09T09:00:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/honda-r-and-d-india-pvt-ltd-v-dy-cit-2022-94-itr-15-sn-delhitrib\/"},"modified":"2022-09-09T14:30:50","modified_gmt":"2022-09-09T09:00:50","slug":"honda-r-and-d-india-pvt-ltd-v-dy-cit-2022-94-itr-15-sn-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/honda-r-and-d-india-pvt-ltd-v-dy-cit-2022-94-itr-15-sn-delhitrib\/","title":{"rendered":"Honda R and D (India) Pvt. Ltd. v. Dy. CIT (2022) 94 ITR 15 (SN) (Delhi)(Trib.)"},"content":{"rendered":"<p>Held that functionally dissimilar companies cannot be taken as comparable.\u00a0 Government owned company taken as comparable on ground of functional similarity. Low turnover for particular year cannot be ground to exclude company functionally similar. The issue was restored to the Transfer Pricing Officer\u00a0 to recompute the working capital adjustment as per the arm\u2019s length price margins after hearing the assessee. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparables-Functionally dissimilar companies cannot be taken as comparable&#8211;Government owned company taken as comparable on ground of functional similarity-Low turnover for particular year cannot be ground to exclude company functionally similar-Matter remanded. <\/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-29658","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Im","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29658","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=29658"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29658\/revisions"}],"predecessor-version":[{"id":29659,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29658\/revisions\/29659"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}