Star Den Media Services P.Ltd, Mumbai Asst CIT 16(1), Mumbai

Last updated: 02 January 2021

Court :
ITAT Mumbai

Brief :
This appeal in ITA No.1909/Mum/2016 for A.Y.2011-12 preferred by the order against the final assessment order passed by the Assessing Officer dated 27/01/2016 u/s.143(3) r.w.s.144C(13) of the Income Tax Act, hereinafter referred to as Act, pursuant to the directions of the ld.Dispute Resolution Panel (DRP in short) u/s.144C(5) of the Act dated 14/12/2015 for the A.Y.2011-12.

Citation :
ITA No.1909/Mum/2016

IN THE INCOME TAX APPELLATE TRIBUNAL (VIRTUAL COURT),
‘J‘ BENCH MUMBAI

BEFORE SHRI M.BALAGANESH, AM
&
SHRI RAM LAL NEGI, JM

ITA No.1909/Mum/2016
(Assessment Year :2011-12)

M/s. Sermed Services India Pvt. Ltd., Formerly known as Star Den Media Services P. Ltd., Star House, Urmi Estate 95, Ganpat Rao Kadam Marg Lower Parel (W) Mumbai – 400 013
PAN/GIR No.ACCD7658Q
(Appellant)

Vs.

Asst. CIT 16(1) R.No.467, 4th Floor Aayakar Bhavan M.K.Marg Mumbai – 400 020
(Respondent)

Assessee by Shri Porus Kaka
Revenue byShri Shreenivasaraghava Iyengar

Date of Hearing 18/12/2020
Date of Pronouncement30/12/2020

O R D E R

PER M. BALAGANESH (A.M):

This appeal in ITA No.1909/Mum/2016 for A.Y.2011-12 preferred by the order against the final assessment order passed by the Assessing Officer dated 27/01/2016 u/s.143(3) r.w.s.144C(13) of the Income Tax Act, hereinafter referred to as Act, pursuant to the directions of the ld.Dispute Resolution Panel (DRP in short) u/s.144C(5) of the Act dated 14/12/2015 for the A.Y.2011-12.

2. The ground No.1 raised by the assessee is general in nature and does not require any specific adjudication.

3. The ground No.8 raised by the assessee was not pressed by the ld. AR at the time of hearing, accordingly, the same is dismissed as not pressed.

4. The only issue to be decided in this appeal is with regard to transfer pricing adjustment made on account of payment of license fee for distribution of TV channels for which assessee has raised ground Nos. 2-7 before us.

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