Who is an ‘Accountant’ for Purpose of Safe Harbour Rules? Income Tax Draft Rules provides Clarity
The Income Tax Draft Rules have clarified on who qualifies as an “accountant” for the purposes of Safe Harbour Rules, especially for the purposes of...
![Functional Dissimilarity Justifies Exclusion of Comparables: Delhi HC Dismisses Revenue’s Transfer Pricing Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/2116897-functional-dissimilarity-justifies-exclusion-comparables-delhi-hc-dismisses-revenues-transfer-pricing-appeal-taxscan.webp "Functional Dissimilarity Justifies Exclusion of Comparables: Delhi HC Dismisses Revenue’s Transfer Pricing Appeal [Read Order]")
![Relief to Louis Vuitton: ITAT Holds Bright Line Test not valid Method for making TPA on Advertisement, Marketing & Promotion [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/2043237-louis-vuitton-site-img.webp "Relief to Louis Vuitton: ITAT Holds Bright Line Test not valid Method for making TPA on Advertisement, Marketing & Promotion [Read Order]")
![Bombay HC Quashes Income Tax Reassessment Over Change of Opinion and No Failure to Disclose Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Reassessment-Bombay-High-Court-Over-Change-of-Opinion-taxscan.jpg "Bombay HC Quashes Income Tax Reassessment Over Change of Opinion and No Failure to Disclose Facts [Read Order]")
![Penalty u/s 271AA cannot be Levied without Identifying Missing Documents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Penalty-Penalty-Section-271AA-Identifying-Missing-Documents-Missing-Documents-Documents-ITAT-taxscan.jpg "Penalty u/s 271AA cannot be Levied without Identifying Missing Documents: ITAT [Read Order]")
Delhi HC upholds Transactional Net Margin Method as Appropriate Method for Calculating Arm's Length Price Over TPO's Alternative Method [Read Order]
In a recent ruling, the Delhi High Court upheld the use of the Transactional Net Margin Method ( TNMM ) as the appropriate approach for calculating the arm’s length price ( ALP ) over the alternative...
ITAT upholds CIT(A) decision on Sales Commission Payments, Concluding No TDS Liability for Fees for Technical Services [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] concerning the sales commission payments made by the assessee,...
![ITAT upholds CIT(A) decision on Sales Commission Payments, Concluding No TDS Liability for Fees for Technical Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Sales-Commission-Payments-TDS-TDS-Liability-Fees-for-Technical-Services-Taxscan.jpg "ITAT upholds CIT(A) decision on Sales Commission Payments, Concluding No TDS Liability for Fees for Technical Services [Read Order]")
ITAT remands Shell Energy India's TP Determination Matter After TPO Mistakes Regasification Payment for Operational Support [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded matter concerning the Shell Energy India's Transfer Pricing ( TP ) determination after the Transfer Pricing Officer ( TPO )...
![ITAT remands Shell Energy Indias TP Determination Matter After TPO Mistakes Regasification Payment for Operational Support [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Shell-Energy-Transfer-Pricing-Officer-TPO-Regasification-Payment-ITAT-remand-Shell-Energy-Taxscan.jpg "ITAT remands Shell Energy Indias TP Determination Matter After TPO Mistakes Regasification Payment for Operational Support [Read Order]")
Relief to Samsung: Delhi HC rules Loss from Forex Fluctuation on Trading Items accountable as Operational Loss [Read Order]
The Delhi High Court, in relief to Samsung India held that foreign exchange ( forex ) loss arising from trading activities should be treated as an operational loss and not as a non-operational...
![ITAT deletes Adjustment on Guarantee Fee Payment, Upholds Judicial Consistency [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Itat-Judicial-Consistency-Guarantee-Fee-Guarantee-Fee-Payment-income-tax-income-tax-news-itat-on-Guarantee-Fee-Payment-tax-news-itat-Ahmedabad-taxscan.jpg "ITAT deletes Adjustment on Guarantee Fee Payment, Upholds Judicial Consistency [Read Order]")
Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the final assessment order passed after expiry of one month from the end of the month in which the DRP directions...
![Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/income-Tax-Appellate-Tribunal-ITAT-ITAT-chennai-Panel-jurisdiction-taxscan.jpg "Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]")
Delhi HC upholds Calculation at Arm's Length of Reimbursement of AMP Expenses Incurred By Sony India On it's AE [Read Order]
In a significant case, the Delhi High Court upheld the calculation at Arm's Length of Reimbursement of advertising, marketing and promotion expenses (AMP) Expenses Incurred by Sony India on its...
![Delhi HC upholds Calculation at Arms Length of Reimbursement of AMP Expenses Incurred By Sony India On its AE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-High-Court-Sony-India-AMP-Expenses-Reimbursement-of-AMP-Expenses-advertising-promotion-expenses-Associated-Enterprises-taxscan.jpg "Delhi HC upholds Calculation at Arms Length of Reimbursement of AMP Expenses Incurred By Sony India On its AE [Read Order]")