ITAT Resolves Boeing India’s transfer Pricing battle: Clears INR 21,52,899 adjustment on grounds of Operational Inactivity and BCIL Merger [Read Order]
Boeing India Private Limited won an appeal against an income tax assessment, with the tribunal cancelling a proposed adjustment of INR 21,52,899 for interest on outstanding receivables. The tribunal agreed that the adjustment related to a merged entity, not Boeing India Private Limited, preventing double taxation
In a recent development, Boeing India Private Limited ( BIPL ) successfully resolved a tax dispute, with the Income Tax Appellate Tribunal ( ITAT ) cancelling a hefty INR 21,52,899 adjustment. The dispute revolved around BIPL’s operational status and its merger with Boeing Corporation India Ltd. ( BCIL ). The case, identified as ITA for…
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