{"id":9295,"date":"2020-01-19T14:08:17","date_gmt":"2020-01-19T14:08:17","guid":{"rendered":"http:\/\/itatonline.org\/digest\/avaya-india-p-ltd-v-acit-2019-416-itr-638-310-ctr-633-182-dtr-89-267-taxman-351-delhi-hc\/"},"modified":"2021-07-06T02:16:36","modified_gmt":"2021-07-05T20:46:36","slug":"avaya-india-p-ltd-v-acit-2019-416-itr-638-310-ctr-633-182-dtr-89-267-taxman-351-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/avaya-india-p-ltd-v-acit-2019-416-itr-638-310-ctr-633-182-dtr-89-267-taxman-351-delhi-hc\/","title":{"rendered":";Avaya India P. Ltd v ACIT ( 2019) 416 ITR 638\/ 310 CTR 633\/ 182 DTR 89 \/ 267 Taxman 351 (Delhi) (HC).Editorial: SLP of revenue was dismissed  due to low tax effect,ACIT v. Avaya India (P) Ltd. (2021) 277 Taxman 402 (SC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that , Comparision with high brand value and higher scale of operations and profit margin to be excluded .<b> <\/b>Comparables have to be functionally similar but they should have similar business environment and risks as the tested party . Court alos held \u00a0\u00a0hat when rule<span class=\"apple-converted-space\">\u00a0<\/span>10B(2)<span class=\"apple-converted-space\">\u00a0<\/span>was applied, i. e., the FAR analysis, namely, the functions performed, the assets owned and the risks assumed was deployed, the brand and high economic upscale fell within the domain of &#8220;assets&#8221;. This also would make both these comparables in question, TCSESL and TCSESIL unsuitable as comparables to the assessee in determining the arm&#8217;s length price under S.<span class=\"apple-converted-space\">\u00a0<\/span>92C<span class=\"apple-converted-space\">\u00a0 of the Act . <\/span>Accordingly the order of the Tribunal and the corresponding orders of the Dispute Resolution Panel and the TPO also set aside. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing \u2013 Arm\u2019s length price \u2013 Selection of comparables -Comparision with high brand value and higher scale of operations and profit margin to be excluded \u2013  Comparables have to be functionally similar but they should have similar business environment and risks as the tested party- Tribunal order is set aside .[ S.144C ]<\/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-9295","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2pV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9295","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=9295"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9295\/revisions"}],"predecessor-version":[{"id":19965,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9295\/revisions\/19965"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}