Director of Income Tax v. Virage Logic International

Delhi High Court · 09 Nov 2016 · 2016:DHC:7409-DB

S. Ravindra Bhat; Najmi Waziri

ITA 1249/2009 & 173/2016

2016:DHC:7409-DB

tax appeal_dismissed Significant

AI Summary

The Delhi High Court dismissed the Income Tax Department's appeals against Virage Logic International, holding that transfer pricing adjustments must be justified by proper application of law and evidence.

Full Text

ITA 1249/2009 & 173/2016
HIGH COURT OF DELHI

JUDGMENT

delivered on: 09.11.2016

ITA 1249/2009
DIRECTOR OF INCOME TAX ..... Appellant
Through: Mr. Rahul Chaudhary and Mr. Ragvendra Singh, Advs.

versus

VIRAGE LOGIC INTERNATIONAL ..... Respondent
Through: Mr. Balbir Singh, Sr. Adv. with Mr. Prakash Kumar and Mr. Ankit Vijaywargeja, Advs.

ITA 173/2016
COMMISSIONER OF INCOME TAX-3 INTERNATIONAL TAXATION ..... Appellant
Through: Mr. Rahul Chaudhary and Mr. Ragvendra Singh, Advs.

versus

VIRAGE LOGIC INTERNATIONAL INDIA ..... Respondent
Through: Mr. Balbir Singh, Sr. Adv. with Mr. Prakash Kumar and Mr. Ankit Vijaywargeja, Advs.

CORAM:

HON'BLE MR. JUSTICE S. RAVINDRA BHAT
HON'BLE MR. JUSTICE NAJMI WAZIRI S. RAVINDRA BHAT, J. (Oral)
For detailed judgment, see judgment dated 09.11.2016 passed in
2016:DHC:7409-DB

ITA 1249/2009 & 173/2016 connected matter – ITA No. 1108/2007 – Deputy Director of Income
Tax vs Virage Logic International.
S. RAVINDRA BHAT, J NAJMI WAZIRI, J NOVEMBER 09, 2016
2016:DHC:7409-DB

Director of Income Tax v. Virage Logic International

AI Summary

Full Text

JUDGMENT

Contact Us for a Free Consultation