Most appropriate method for determining ALP: Delhi HC remits matter to Commissioner of Income Tax [Read Order]
The Delhi High Court remitted matter to the Commissioner of Income Tax to determine the most appropriate method for determining the arm length price...
![Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/TPO-income-tax-Reference-to-TPO-for-TP-ITAT-taxscan.jpg "Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]")
![ITAT deletes TP adjustment made towards rendering of GIS services by AE for Advertising Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-TP-adjustment-GIS-services-AE-advertising-business-income-tax-income-tax-taxscans.jpg "ITAT deletes TP adjustment made towards rendering of GIS services by AE for Advertising Business [Read Order]")
![Fabrication Charges received from AE for Manufacturing Glass is not FTS under India-Singapore Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Glass-manufacturing-ITAT-Fabrication-Charges-received-from-AE-for-Manufacturing-Glass-TAXSCAN.jpeg "Fabrication Charges received from AE for Manufacturing Glass is not FTS under India-Singapore Tax Treaty: ITAT [Read Order]")
![Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/market-value-tangible-assets-goodwill-ITAT-depreciation-Taxscan.jpg "Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]")
Relief to Lenovo: ITAT directs to Use CUP as most appropriate Method and holds Warranty Expenditure is Allowable [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) has directed to use Comparable Uncontrolled Price (CUP) as most appropriate method and held that, warranty expenditure is allowable. ...
![Relief to Lenovo: ITAT directs to Use CUP as most appropriate Method and holds Warranty Expenditure is Allowable [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Relief-to-Lenovo-ITAT-CUP-appropriate-Method-Warranty-Expenditure-Allowable-Taxscan.jpg "Relief to Lenovo: ITAT directs to Use CUP as most appropriate Method and holds Warranty Expenditure is Allowable [Read Order]")
ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence [Read Order]
In a major relief to Tianjin Tianshi India Pvt. Ltd, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be...
![ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-13-9.jpg "ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence [Read Order]")
If there are Similar Transactions of Services with both Related and Unrelated Parties and Price is Comparable, It is taken to be at Arm’s Length Price: ITAT [Read Order]
The Delhi bench of ITAT in the case of Axis Risk Consulting Services Private Limited v. DCIT, held that if there are similar transactions of services with related parties as well as unrelated parties...
![If there are Similar Transactions of Services with both Related and Unrelated Parties and Price is Comparable, It is taken to be at Arm’s Length Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Arms-Length-Price-Taxscan.jpg "If there are Similar Transactions of Services with both Related and Unrelated Parties and Price is Comparable, It is taken to be at Arm’s Length Price: ITAT [Read Order]")
CBDT notifies Revised Form 3CE for APA seeking Taxpayer Identification Number of AE [Read Notification]
The Central Board of Direct Taxes (CBDT) recently notified the revised Form 3CE for Advance Pricing Agreements (APAs) wherein furnishing of Taxpayer Identification Number of Associate Enterprise (AE)...
![CBDT notifies Revised Form 3CE for APA seeking Taxpayer Identification Number of AE [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "CBDT notifies Revised Form 3CE for APA seeking Taxpayer Identification Number of AE [Read Notification]")