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Jones Lang Lasalle Property Consultants (India) Pvt. Ltd.-vs-DCIT, Circle 13 (1), New Delhi.-2026-juristway.com-3392-ITAT(Delhi)-IT
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2026-juristway.com-3392-ITAT(Delhi)-ITJones Lang Lasalle Property Consultants (India) Pvt. Ltd. v DCIT
✓ Good LawRemanded2 Judge Bench
TreatmentNot yet cited by a later judgment
2026-juristway.com-3392-ITAT(Delhi)-IT

Jones Lang Lasalle Property Consultants (India) Pvt. Ltd.

versus

DCIT, Circle 13 (1), New Delhi.

Court - Bench
Income Tax Appellate Tribunal - Delhi
Date of Judgment
09 November 2026
Judges
Ms. Kavitha Rajagopal, Member (Judicial), Mr. Sanjay Awasthi, Member (Accountant)
Case Number
ITA No. 520/Del/2023
Advocate (Petitioner)
Shri Nageswar Rao And Shri Pratik Rath, Advocates
Advocate (Respondent)
Shri Mahesh Kumar, CIT-DR
Quick ref
Takeaway

AY 2019-20 | TP adjustment of Rs. 138,08,78,127 on property management services | Assessee's appeal allowed for statistical purposes TP Comparables — Remand Where Objections Unadjudicated and Record Thin Restoring comparability issues is not a second chance for the Revenue to fill lacunae where the DRP and TPO have not given reasoned findings on material objections. An assessee seeking deletion must, however, place annual reports and segmental data of disputed comparables on record.

Digest & Analysis
Litigation Digest

In Jones Lang LaSalle Property Consultants (India) Pvt. Ltd. v. DCIT, 2026-juristway.com-3392-ITAT(Delhi)-IT, where the TPO rejected the assessee's 19 comparables and adopted four of his own for property management, advisory and brokerage services, resulting in an adjustment of Rs. 138,08,78,127, the Hon'ble Income Tax Appellate Tribunal, Delhi Bench declined to delete the adjustment. The Hon'ble Tribunal held that the objections on filters, functional dissimilarity and margins required reasoned adjudication, but the assessee had placed no annual reports or segmental data of the disputed companies before it (paras 12–15). It distinguished remand to cure unadjudicated objections from remand to fill the Revenue's evidentiary gaps (paras 13, 16). Grounds 13 to 20 were restored to the AO/TPO for a speaking order on existing material; grounds on business service charges were withdrawn following a bilateral APA (paras 5, 16–20).

✎ Editor's Note

Practice point: When seeking deletion of a TP adjustment on comparability, file the annual reports, segmental data and functional analysis of each disputed comparable with the Tribunal. Reliance on the TPO's own observations led to remand rather than relief here.

Open question: The grounds challenging the DRP's power to remit issues to the TPO for a speaking order (grounds 2 to 4) were noted but not separately decided.

Disclaimer: This content reflects the editor's personal views and should not be treated as a legal opinion or professional advice.

Full Text
Judgment & Order
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