2014 (7) TMI 1238

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....Hon'ble The Chief Justice Sri Kalyan Jyoti Sengupta This appeal is sought to be preferred and admitted against the judgment and order of the learned Tribunal dated 29.11.2003 passed in I.T.A.No.1445/Hyderabad/2010 in relation to the assessment year 2006-07 on the following suggested questions of law. 1. Whether, on the facts and in the circumstances of the case, the Tribunal was justif....

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.... case, the Tribunal was justified in rejecting the comparable companies merely on the grounds of extraordinary events like merger/demerger change in controlling stake, when the tax payer did not demonstrate effect of such events on the profitability of the comparable? 5. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in accepting the contentions of ....

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....e same from total turnover? We have heard Mr. Prasad, learned Senior Standing Counsel for the Revenue, and gone through the impugned judgment and order of the learned Tribunal. In paragraph 11 of the impugned judgment and order, on the question of exclusion of communication expenses, the learned Tribunal has relied on the Special Bench Judgment of the Tribunal in the case of Saksoft and also....