AdvertisementPragati Aroma Oil Distillers Private Ltd. Vs DCIT (Bombay High Court) The appeal was filed under Section 260A of the Income Tax Act, 1961 challenging the order of the Income Tax Appellate Tribunal (ITAT) dated 25.11.2014 for Assessment Year 2009-10. The substantial question of law before the High Court was whether the ITAT was justified in comparing and adopting the net profit margin of the assessee’s sister concern in the absence of an arrangement contemplated under Section 10B(7) read with Section 80-IA(10) of the Income Tax Act. The appellant, engaged in the manufacture and export of ...