![Determination of ALP for Royalty Payment: Delhi HC dismisses Income Tax Department’s Appeal against Amway India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ALP-Royalty-Payment-Delhi-HC-Income-Tax-Departments-TAXSCAN.jpg "Determination of ALP for Royalty Payment: Delhi HC dismisses Income Tax Department’s Appeal against Amway India [Read Order]")
Determination of ALP for Royalty Payment: Delhi HC dismisses Income Tax Department’s Appeal against Amway India [Read Order]
In a recent ruling in favour of the assessee-Amway India Enterprises, a Division Bench of the Delhi High Court comprising Justice Manmohan and...
![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]")
![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]
A division bench of the Madras High Court, while asking the Transfer Pricing Officer to pass an order determining Arm’s Length Pricing within 60 days and held that the department cannot claim that...
![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]")