![Outward Freight in India except Import Freight be not considered for adjustment as it doesnt operate from transaction perspective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Outward-freight-in-India-import-freight-transaction-perspective-ITAT-Michelin-Taxscan.jpg "Outward Freight in India except Import Freight be not considered for adjustment as it doesnt operate from transaction perspective: ITAT [Read Order]")
Outward Freight in India except Import Freight be not considered for adjustment as it doesn't operate from transaction perspective: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that outward freight in India except import freight should not be considered for...
![Delhi HC directs TPO to determine existence of an International Transaction between the Yum Restaurants and its AE involving AMP Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Delhi-High-Court-TPO-International-Transaction-Yum-Restaurants-AE-AMP-Expenses-Taxscan.jpg "Delhi HC directs TPO to determine existence of an International Transaction between the Yum Restaurants and its AE involving AMP Expenses [Read Order]")
![Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Transfer-of-shares-subsidiary-Gift-Circular-transaction-avoid-tax-Madras-High-Court-Taxscan.jpg "Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]")
![Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Foreign-exchange-fluctuation-operating-profit-profit-margin-ITAT-Taxscan.jpg "Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]")
ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench remitted the protective adjustment issue back to AO to decide in the light of the MAP resolution dated 29th January 2018. The assessee, BT...
![ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-MAP-resolution-AO-Taxscan.jpg "ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]")
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]")
Relocation expenses in respect of Salary paid to employees who traveled abroad for business of American Express needs to be verified, says ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the matter back to the AO for its examination and said that the relocation expenses in respect of salary paid to employees who traveled...
ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed AO to allow depreciation on the actual cost of assets without reducing the amount of subsidy to Nestle India. The assessee company,...
![ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Nestle-AO-ITAT-Actual-Cost-Taxscan.jpg "ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]")
Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in its recent order directed the Assessing Officer (AO) to delete the disallowance made on account of depreciation on payment of brand license...
![Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-AO-disallowance-Star-India-brand-license-fees-Depreciation-Taxscan.jpeg "Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]")
Domestic Transaction with AE does not constitute 'Specific Domestic Transactions': ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the domestic transactions with an Associate Enterprise (AE) would not constitute “Specific Domestic Transactions” for the...
![Domestic Transaction with AE does not constitute Specific Domestic Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/AE-Domestic-Transcation-ITAT-Taxscan.jpeg "Domestic Transaction with AE does not constitute Specific Domestic Transactions: ITAT [Read Order]")
ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of Hathway Cable and Datacom Ltd v DCIT deletes addition on the ground that transaction of rendering marketing services of channel...
![ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Marketing-Services-Broadcasters-Digital-Cable-Pricing-ITAT-Taxscan.jpg "ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]")