![TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-TP-Adjustment-by-TPO-Intra-Group-Services-TAXSCAN.jpg "TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]")
TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the Transfer Pricing Officer ( TPO ) erred in setting the Arm’s Length Price (...
![Working Capital Adjustment on Outstanding Trade Receivable has to be Verified While Making ALP Adjustment on Notional Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Working-Capital-Adjustment-ALP-Adjustment-on-Notional-Interest-Arms-Length-Price-Interest-Taxscan.jpg "Working Capital Adjustment on Outstanding Trade Receivable has to be Verified While Making ALP Adjustment on Notional Interest: ITAT [Read Order]")
![ITAT deletes Adjustment on Account of Arms Length Pricing of Export Commission Payment against Honda Subsidy [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Export-Commission-Payment-Honda-Honda-Subsidy-Export-commission-pricing-Honda-Motor-taxscan.jpg "ITAT deletes Adjustment on Account of Arms Length Pricing of Export Commission Payment against Honda Subsidy [Read Order]")
![No Material basis for Discrediting Debit Notes: Delhi HC upholds ITAT order on deletion of Disallowance of Engineering Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Material-Basis-Discrediting-Debit-Notes-Delhi-HC-ITAT-Deletion-of-Disallowance-Engineering-Fees-taxscan.jpg "No Material basis for Discrediting Debit Notes: Delhi HC upholds ITAT order on deletion of Disallowance of Engineering Fees [Read Order]")
"Other Method" as per Rule 10AB is most appropriate for determining Arm's length Price of Royalty Transaction: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the “Other method” as per Rule 10AB shall be the most appropriate method for determining the arm’s length price of royalty...
![Other Method as per Rule 10AB is most appropriate for determining Arms length Price of Royalty Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Other-Method-most-appropriate-determining-Arms-length-Price-Royalty-Transaction-ITAT-most-appropriate-method-for-determining-taxscan.jpg "Other Method as per Rule 10AB is most appropriate for determining Arms length Price of Royalty Transaction: ITAT [Read Order]")
AO has No Jurisdiction to Declare its Earlier Assessment Order Null and Void and Substitute it with Another: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer (AO) has no jurisdiction to declare the assessment order passed earlier by him as null and void and...
![AO has No Jurisdiction to Declare its Earlier Assessment Order Null and Void and Substitute it with Another: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/AO-AO-has-No-Jurisdiction-to-Declare-Its-Earlier-Assessment-Order-Assessment-Order-Jurisdiction-ITAT-Taxscan.jpg "AO has No Jurisdiction to Declare its Earlier Assessment Order Null and Void and Substitute it with Another: ITAT [Read Order]")
![ITAT deletes Income Tax Penalty against Trip Advisor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Income-Tax-Penalty-Income-Tax-Tax-Trip-Advisor-taxscan.jpg "ITAT deletes Income Tax Penalty against Trip Advisor [Read Order]")
Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal has held that corporate guarantee falls within the scope and ambit of international transaction and Arm’s Length Price (ALP) applicable at 0.5%. ...
![Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Corporate-Guarantee-Scope-Ambit-International-Transaction-ALP-Applicable-ITAT-taxscan.jpeg "Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]")
Corporate Guarantee to AEs is an International Transaction to compute Arm’s Length Price: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while directing the department to review the matter of the assessee, M/s Inflow Technologies Private Limited in respect of a transaction...
![Corporate Guarantee to AEs is an International Transaction to compute Arm’s Length Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Corporate-Guarantee-AEs-International-Transaction-Arms-Length-Price-ITAT-Taxscan.jpg "Corporate Guarantee to AEs is an International Transaction to compute Arm’s Length Price: ITAT [Read Order]")
Writing off Bad Debts eligible for deduction, but no details regarding exact nature of transactions given: ITAT restores the matter to CIT(A)
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while restoring the matter back to the CIT(A) held that the assessee apart from writing off of bad debts in the books of accounts, the...
ITAT directs AO to Exclude Cox & Kings from the list of comparables while Determining the ALP for International Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, has held that Cox & Kings cannot be held to be a good comparable for determination of the Arm’s Length Price (ALP) for international...
![ITAT directs AO to Exclude Cox & Kings from the list of comparables while Determining the ALP for International Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/ALP-Cox-Kings.jpg "ITAT directs AO to Exclude Cox & Kings from the list of comparables while Determining the ALP for International Transactions [Read Order]")