ITAT directs to recompute ALP of international transactions carried out by ICICI Bank pertaining to adjustment towards back office support services [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has instructed AO to recalculate the Arm Length Price (ALP) of international transactions that the ICICI Bank completed in relation to adjustments for back office support services.
ITAT - ALP - international transactions - ICICI Bank - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed the re-computation of the Arm Length Price (ALP) for international transactions conducted by ICICI Bank related to adjustments for back-office support services. ICICI Bank Ltd, engaged in banking and related activities, had its case selected for scrutiny after filing the Income Tax Return. The Assessing Officer…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now