![Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arms Length Using Cost Plus Method [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-ahmedabad-Management-Service-Management-Service-Charges-Taxscan.jpg "Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arms Length Using Cost Plus Method [Read Order]")
Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arm's Length Using Cost Plus Method [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed payment at arm's length for ₹4.49 Crore in management service charges, ruling...
![TNMM is Most Appropriate Method in absence of details of independent contracts/functions/ services rendered to different AEs and unrelated parties: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/TNMM-Most-Appropriate-Method-TNMM-is-Most-Appropriate-Method-in-absence-of-details-of-independent-contracts-ITAT-taxscan.jpg "TNMM is Most Appropriate Method in absence of details of independent contracts/functions/ services rendered to different AEs and unrelated parties: ITAT [Read Order]")
![ITAT deletes Addition u/s 80IC on ground of Section 92BA being omitted by the Finance Act, 2017 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Section-Finance-Act-TAXSCAN.jpg "ITAT deletes Addition u/s 80IC on ground of Section 92BA being omitted by the Finance Act, 2017 [Read Order]")
Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]
In the case of MUFG Bank, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Comparable Uncontrolled Price method for ALP bench marking international transactions is not...
![Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/MUFG-Bank-Price-method-ALP-International-Transactions-ITAT-TAXSCAN.jpg "Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]")
Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the foreign exchange loss can be treated as operating in nature when the loss was in connection with debtors and creditors...
![Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Forex-Loss-from-Trade-Debtors-Creditors-is-Operating-in-Nature-No-Tax-Deduction-ITAT-TAXSCAN.jpg "Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]")
![UPS and Printers are part of Computer Systems, 60 % Depreciation allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/UPS-and-Printers-are-part-of-computer-systems-60-depreciation-allowable-ITAT-TAXSCAN.jpg "UPS and Printers are part of Computer Systems, 60 % Depreciation allowable: ITAT [Read Order]")
CUP method can be applied for benchmarking International Transactions when no change occurred than previous year: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT)has held that the CUP method can be applied for benchmarking international transactions when no change occurred in the previous year. ...
![CUP method can be applied for benchmarking International Transactions when no change occurred than previous year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/CUP-International-Transactions-ITAT-TAXSCAN.jpg "CUP method can be applied for benchmarking International Transactions when no change occurred than previous year: ITAT [Read Order]")
Setback to Lite-on Mobile: ITAT disallows grossed up portion of TDS deducted on Interest paid to AE on External Commercial Borrowings [Read Order]
In a major setback to Lite-on Mobile, the Chennai Bench of Income Tax Appellate Tribunal (ITAT) disallowed the grossed up portion of TDS deducted on interest paid to AE on External...
![Setback to Lite-on Mobile: ITAT disallows grossed up portion of TDS deducted on Interest paid to AE on External Commercial Borrowings [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/8e1a8599-4064-47a4-acd2-6312eb4c14d7.jpg "Setback to Lite-on Mobile: ITAT disallows grossed up portion of TDS deducted on Interest paid to AE on External Commercial Borrowings [Read Order]")
Exclusion of Comparables become valid as Failed to Demonstrate Change in Circumstance from Earlier Financial Year: Delhi HC Dismisses Petition of Income Tax Department [Read Order]
The Delhi High Court has held that the exclusion of comparables become valid as failed to demonstrate a change in circumstance from the earlier financial year and dismissed the petition of the Income...
![Exclusion of Comparables become valid as Failed to Demonstrate Change in Circumstance from Earlier Financial Year: Delhi HC Dismisses Petition of Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exclusion-Exclusion-of-Comparables-Exclusion-of-Comparables-become-valid-Exclusion-of-Comparables-become-valid-as-Failed-to-Demonstrate-Change-in-Circumstance-taxscan.jpg "Exclusion of Comparables become valid as Failed to Demonstrate Change in Circumstance from Earlier Financial Year: Delhi HC Dismisses Petition of Income Tax Department [Read Order]")