https://www.taxtmi.com/caselaws?id=386774 The Court upheld the Tribunal's decision regarding the Assessment Year 2008-09. It determined that M/s. Alphageo was not comparable to the respondent's business for Arms Length Price (ALP) determination due to significant functional differences. Additionally, the Court affirmed that the refundable deposit with SIPCOT should be considered part of the cost of acquisition for computing capital gains, resulting in a revenue-neutral outcome. The appeal was dismissed as there was no substantial question of law arising from the Tribunal's decision. en-us Mon, 16 Sep 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386774 The Court upheld the Tribunal's decision regarding the Assessment Year 2008-09. It determined that M/s. Alphageo was not comparable to the respondent's business for Arms Length Price (ALP) determination due to significant functional differences. Additionally, the Court affirmed that the refundable deposit with SIPCOT should be considered part of the cost of acquisition for computing capital gains, resulting in a revenue-neutral outcome. The appeal was dismissed as there was no substantial question of law arising from the Tribunal's decision. Case-Laws Income Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386774