![Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-HC-Remand-Proceedings-Income-Tax-Act-Madras-High-Court-Taxscan.jpeg "Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]")
Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]
The Madras High Court has ruled that, the period of limitation under the Sections 153 (2A) or 153 (3) was applicable even for remand proceedings...
![Reference to TPO is valid only for SDT exceeds threshold limit of 5 Crore u/s 92BA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Reference-TPO-SDT-threshold-limit-ITAT-Taxscan.jpeg "Reference to TPO is valid only for SDT exceeds threshold limit of 5 Crore u/s 92BA: ITAT [Read Order]")
![International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/International-Transaction-benchmarked-Custom-Valuation-Data-ITAT-taxscan.jpeg "International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]")
![TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/TPO-Gross-Profit-Margin-Company-ITAT-Transfer-pricing-Adjustment-International-Transaction-Taxscan.jpg "TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]")
![Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Dept-Madras-HC-TPO-ALP-taxscan.jpeg "Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]")
![Interest u/s 234C shall be calculated based on Returned Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-under-section-234C-Returned-Income-ITAT-Income-Taxscan.jpg "Interest u/s 234C shall be calculated based on Returned Income: ITAT [Read Order]")
Partial relief to Carraro India: ITAT directs AO for re-determining ALP of international transaction of payment of Royalty [Read Order]
In a partial relief to Carraro India, the Pune Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) for re-determining Arm‟s Length Price (ALP) of international...
![Partial relief to Carraro India: ITAT directs AO for re-determining ALP of international transaction of payment of Royalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Carraro-India-ITAT-AO-ALP-of-international-transaction-Royalty-Taxscan.jpg "Partial relief to Carraro India: ITAT directs AO for re-determining ALP of international transaction of payment of Royalty [Read Order]")
No Addition can be made for TP Adjustment related to Specified Domestic Transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that no addition can be made for Transfer Pricing adjustment related to Specified Domestic Transactions. The assessee has been engaged in...
![No Addition can be made for TP Adjustment related to Specified Domestic Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/TP-adjustment-Specified-Domestic-Transactions-ITAT-Taxscan.jpg "No Addition can be made for TP Adjustment related to Specified Domestic Transactions: ITAT [Read Order]")
TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that the Transfer Pricing Adjustment (TPA) made at entity level should be restricted to international transactions only. The assessee,...
![TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/TPA-ITAT-Tasty-Bite-Eatables-Taxscan.jpg "TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]")
Assessment passed in the name of Non-Existing Entity: Appeal against Sony Mobile Communications to be heard by Chief Justice
The Delhi High Court while considering an appeal filed by the department against Sony Mobile Communications India, a two-judge bench of the Delhi High Court has referred the matter to the bench of...
Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the disallowance made for Exempted Income not to be added for computing of Computation of book profit. The assessee, M/s. Sun...
![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]")
Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]
The Madras High Court ruled that Section 80IB of the Income Tax Act, 1961 does not mandate separate books of accounts for claiming the deduction. The assessee, M/s.Virtusa Consulting Services Pvt....
![Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Sec-80IB-Books-of-Accounts-Madras-High-Court-Taxscan.jpeg "Sec 80IB does not mandate Separate Books of Accounts for claiming Deduction: Madras High Court [Read Judgment]")