Pr. Commissioner of Income-tax-2 v. BT India Pvt. Ltd
[Citation -2020-LL-0217-24]

Citation 2020-LL-0217-24
Appellant Name Pr. Commissioner of Income-tax-2
Respondent Name BT India Pvt. Ltd.
Relevant Act Income-tax
Date of Order 17/02/2020
Assessment Year 2010-11
Judgment View Judgment
Keyword Tags working capital adjustment • dispute resolution panel • review petition

1 IN HIGH COURT OF DELHI AT NEW DELHI ITA 1469/2018 PR. COMMISSIONER OF INCOME TAX-2 Appellant Through: Ms. Vibhooti Malhotra, Sr. Standing counsel with Mr. Shalinder Singh and Mr. Ajinkya Tiwari, Advocates. Versus M/S BT INDIA PVT. LTD. Respondent Through: Mr. Nageshwar Rao, Mr. Sandeep S. Karhail, Ms. Sherry Goyal and Ms. Anwesha Saha, Advocates for applicant. CORAM: JUSTICE S.MURALIDHAR JUSTICE TALWANT SINGH ORDER 17.02.2020 Review Pet. 411/2019 1. In this review petition by Respondent Assessee it is pointed out that Transfer Pricing Officer (TPO) passed order on 12th December, 2014 giving effect to directions of Dispute Resolution Panel (DRP) in case of Assessee for Assessment Year 2010-11. It is pointed out that for some reason this document could not be brought to attention of Court when it passed order dated 6th August 2019. 2. perusal of said document reveals that TPO has in fact factored in aspect of interest on trade receivables while calculating working capital adjustment to TP. 3. In that view of matter, remand of above issue to Assessing Officer was not warranted. Accordingly, directions issued by this Court in para 3 and 4 of its order dated 6th August, 2019 are hereby recalled. 4. review petition is disposed of. S. MURALIDHAR, J. TALWANT SINGH, J. FEBRUARY 17, 2020 nk Pr. Commissioner of Income-tax-2 v. BT India Pvt. Ltd
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