2016 (9) TMI 306

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....eeraj Jain with Mr. Aniket D. Agrawal, Advocates. O R D E R CM APPL No. 25180/2016 (for condonation of delay) 1. For the reasons stated therein, the delay of two days in filing the appeal is condoned. 2. The application is disposed of. ITA No. 391/2016 3. This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ('Act') is directed against the impugned order dated....

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.... from Indian Railways, the Managing Director of TWL "in an interview available publicly estimated the provision of free of cost wheel sets to be 30% of sales value following most conservative basis." In light of the above submission, the DRP ordered as under: "The TPO is therefore instructed to call for the information under section 133(6) about the value of "free of cost supplies" from Titagar....

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.... assumed ("FAR"). Ld. DRP in his finding also has directed Ld. TPO to take these aspects while allowing the said comparables. There is no doubt that these two companies are having the major role in supplying coaches to the Indian Railway and these are proper comparables if all the aspects are taken into consideration including the free of cost material value. Therefore, Ld. TPO is directed to take....