![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 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...
![ITAT allows write off of Bad Debts as assessee has successfully discharged its Onus of Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Bad-Debts-Onus-of-Proof-write-off-Taxscan.jpg "ITAT allows write off of Bad Debts as assessee has successfully discharged its Onus of Proof [Read Order]")
![Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-PE-of-a-company-ITAT-Taxscan.jpg "Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]")
![Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Exempted-Income-book-profit-ITAT-Taxscan.jpg "Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]")
![CBDT extends deadline for various Income Tax Compliances due to COVID-19 Pandemic [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-extends-deadline-Income-Tax-Compliances-COVID-19-Pandemic-taxscan.jpeg "CBDT extends deadline for various Income Tax Compliances due to COVID-19 Pandemic [Read Circular]")
![Relief to Shobha City: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Sobha-city-ITAT-Taxscan.jpg "Relief to Shobha City: ITAT deletes Addition [Read Order]")
![Geodis Overseas entitled to depreciation on goodwill: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Geodis-Overseas-depreciation-on-goodwill-ITAT-Taxscan.jpg "Geodis Overseas entitled to depreciation on goodwill: ITAT [Read Order]")
![AMP expenditure of Nikon India can’t be considered as an International Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/AMP-expenditure-Nikon-India-International-Transaction-ITAT-AMP-Taxscan.jpg "AMP expenditure of Nikon India can’t be considered as an International Transaction: ITAT [Read Order]")
ITAT quashes Final assessment order passed by AO without a draft assessment order against Tally [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the final assessment order passed by AO without a draft assessment order is to be quashed. The assessee, M/s.Tally Solutions...
![ITAT quashes Final assessment order passed by AO without a draft assessment order against Tally [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Final-assessment-order-AO-draft-assessment-order-Tally-Taxscan-1.jpeg "ITAT quashes Final assessment order passed by AO without a draft assessment order against Tally [Read Order]")
Prematurely pronouncing on issues of comparables, TP Adjustments and methods for making TP adjustments definitely curtails the discretion of the Assessing Authorities: Delhi High court
The Delhi High court held that the prematurely pronouncing on issues of comparables, TP Adjustments and methods for making TP adjustments definitely curtails the discretion of the Assessing...
No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that the assessee has been granted the working capital adjustment while computing the arm’s length price of the international...
![No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-working-capital-Taxscan.jpeg "No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]")
Depreciation allowable on Goodwill from Acquisition of Business Unit: ITAT grants relief to DHL Logistics
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the disallowance of depreciation on goodwill by the Assessing Officer (AO). The assessee, M/s. DHL Logistics Pvt. Ltd. is a logistics...
