{"id":5448,"date":"2019-05-17T09:58:26","date_gmt":"2019-05-17T09:58:26","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-j-p-morgan-india-p-ltd-2019-261-taxman-404-bom-hc\/"},"modified":"2019-09-08T07:21:54","modified_gmt":"2019-09-08T07:21:54","slug":"pcit-v-j-p-morgan-india-p-ltd-2019-261-taxman-404-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-j-p-morgan-india-p-ltd-2019-261-taxman-404-bom-hc\/","title":{"rendered":"PCIT v.  J.P.Morgan India (P) Ltd ( 2019) 261 Taxman 404\/ 180 DTR 179 ( Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that; while\u00a0 determining the Arm\u2019s length price, Merger and Amalgamation had taken place\u00a0 in a company cannot be selected for comparable. Securities and stock broker cannot be compared with merchant banker. Interest earned on margin money deposited with AE for broking services for futures and options\u00a0\u00a0 should be factored in to determine ALP. (AY. 2006 -07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparable\u2013Merger and Amalgamation had taken place  in a company\u2013Cannot be selected for comparable\u2013Securities and stock broker cannot be compared with merchant banker\u2013Interest earned on margin money deposited with AE for broking services for futures and options   should be factored in to determine ALP.<\/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":[1],"tags":[],"class_list":["post-5448","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1pS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5448","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=5448"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5448\/revisions"}],"predecessor-version":[{"id":7118,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5448\/revisions\/7118"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}