![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]")
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...
![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]")
![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]](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]")
![ITAT allows Claim of Deduction u/s 80C to Hero Motocorp [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-claim-of-deduction-Hero-Motocorp-Taxscan.jpg "ITAT allows Claim of Deduction u/s 80C to Hero Motocorp [Read Order]")
ITAT upholds ALP of corporate guarantee as determined 0.43% p.a, directs the AO to vacate the upward transfer pricing adjustment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench upheld the Arm’s Length Price (ALP) of corporate guarantee as determined 0.43% per annum and directed the AO to vacate the upward transfer...
![ITAT upholds ALP of corporate guarantee as determined 0.43% p.a, directs the AO to vacate the upward transfer pricing adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-ALP-corporate-guarantee-AO-upward-transfer-pricing-adjustment-Taxscan.jpg "ITAT upholds ALP of corporate guarantee as determined 0.43% p.a, directs the AO to vacate the upward transfer pricing adjustment [Read Order]")
![Zynga India is no Risk Company, Risk Adjustment should be provided to Comparables: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Zynga-India-risk-company-risk-adjustment-ITAT-Taxscan.jpeg "Zynga India is no Risk Company, Risk Adjustment should be provided to Comparables: ITAT [Read Order]")
Relief to UL India Pvt Ltd: ITAT remitted the issue of determination of ALP in the certification services segment back to TPO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench remitted the issue of determination of ALP in the certification services segment back to Transfer Pricing Officer (TPO). The assessee, UL...
![Relief to UL India Pvt Ltd: ITAT remitted the issue of determination of ALP in the certification services segment back to TPO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-ALP-certification-services-segment-Taxscan.jpg "Relief to UL India Pvt Ltd: ITAT remitted the issue of determination of ALP in the certification services segment back to TPO [Read Order]")
'Mere disallowance' of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that “Mere disallowance” of an expense does not warrant a penalty for filing inaccurate particulars of income. The assessee, Ikea...
![Mere disallowance of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mere-disallowance-expense-penalty-particulars-of-income-ITAT-Taxscan.jpg "Mere disallowance of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]")
Relief to RayBan: ITAT deletes adjustments made by TPO on account of ALP of AMP expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in relief to Ray-Ban deleted the adjustments made by the Transfer Pricing Officer (TPO) on account of Arm’s Length Price (ALP) of Advertisement,...
![Relief to RayBan: ITAT deletes adjustments made by TPO on account of ALP of AMP expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/RayBan-ITAT-AMP-expenses-ALP-Taxscan.jpg "Relief to RayBan: ITAT deletes adjustments made by TPO on account of ALP of AMP expenses [Read Order]")
AO wrongfully assumed the jurisdiction and passed the final assessment order without passing a draft assessment order: Delhi HC [Read Judgment]
The Delhi High Court held that the Assessing Officer (AO) wrongfully assumed the jurisdiction and passed the final assessment order without passing a draft assessment order. The...
![AO wrongfully assumed the jurisdiction and passed the final assessment order without passing a draft assessment order: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/AO-jurisdiction-final-assessment-order-assessment-order-Delhi-High-Court-Taxscan.jpg "AO wrongfully assumed the jurisdiction and passed the final assessment order without passing a draft assessment order: Delhi HC [Read Judgment]")