![TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-TP-Adjustment-by-TPO-Intra-Group-Services-TAXSCAN.jpg "TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]")
TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the Transfer Pricing Officer ( TPO ) erred in setting the Arm’s Length Price (...
![No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Debt-Free-TPO-No-Notional-Interest-Taxscan.jpg "No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]")
![Relief to Microsoft and Others as Delhi HC quashes Income Tax Assessment Order issued w/o Draft Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Returns-ITR-Microsoft-income-tax-case-India-TAXSCAN.jpg "Relief to Microsoft and Others as Delhi HC quashes Income Tax Assessment Order issued w/o Draft Order [Read Order]")
![India-Italy DTAA Not Applicable When Domestic Company Pays DDT u/s 115O of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/TAA-Income-Tax-Act-DDT-ITAT-Dividend-Distribution-Tax-Section-115O-of-the-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Taxscan.webp "India-Italy DTAA Not Applicable When Domestic Company Pays DDT u/s 115O of Income Tax Act: ITAT [Read Order]")
ITAT directs TPO to exclude Companies with Turnover exceeding or below 10 times for Transfer Pricing Comparable Analysis [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal orders the Transfer pricing officer ( TPO ) to apply the turnover filter to exclude companies with a Turnover of more than 10 times or less...
![ITAT directs TPO to exclude Companies with Turnover exceeding or below 10 times for Transfer Pricing Comparable Analysis [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Determination-of-ALP-Professional-Fee-AO-TPO-ITAT-Addition-transfer-pricing-adjustment-taxscan.jpg "ITAT directs TPO to exclude Companies with Turnover exceeding or below 10 times for Transfer Pricing Comparable Analysis [Read Order]")
ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT )Â allowed the weighted deduction in respect of the expenses incurred on clinical trials and held that the assessee is entitled to...
![ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/income-tax-deduction-clinical-trials-ITAT-Hyderabad-Income-Tax-Act-weighted-income-tax-deduction-tax-news-income-tax-income-tax-news-ITAT-taxscan-1.jpg "ITAT allows weighted Income Tax Deduction u/s 32(2AB) wrt expenses incurred on clinical trials [Read Order]")
Not Permissible for TPO to Engage in Restructuring of Transaction: Delhi HC dismisses Appeal [Read Order]
The Delhi High Court has held that it is not permissible for the Transfer Pricing Officer ( TPO ) to engage in the restructuring of a transaction. The bench of Justice Yashwant Varma and Justice...
Relief to Samsung India: Delhi HC dismisses Appeal against Transfer Pricing Adjustments of Rs. 1.99 Cr for Payment of Royalty [Read Order]
The Delhi High Court has dismissed the income tax appeal challenging transfer pricing adjustments amounting to Rs. 1.99 crore made by the Tax Authorities on Samsung India's royalty payments to its...
AO has to Pass an Assessment Order u/s 92CA(4) of Income Tax Act After TPO's Order: Delhi HC [Read Order]
In a recent case, the Delhi High Court has held that once the Transfer Pricing Officer ( TPO ) had proceeded to pass the order, the AO was obliged to pass an assessment order by the procedure...
![AO has to Pass an Assessment Order u/s 92CA(4) of Income Tax Act After TPOs Order: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-High-Court-Transfer-Pricing-Officer-Assessment-Order-Income-Tax-Act-taxscan.jpg "AO has to Pass an Assessment Order u/s 92CA(4) of Income Tax Act After TPOs Order: Delhi HC [Read Order]")
TPO fails to Apply Industry Filter while Determining ALP of Interest: ITAT Deletes addition, Dismisses Revenue's appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Transfer Pricing Officer ( TPO ) failed to apply the industry filter while determining the Arm's Length Price ( ALP ) of...
![TPO fails to Apply Industry Filter while Determining ALP of Interest: ITAT Deletes addition, Dismisses Revenues appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-newS-TPO-fails-to-apply-industry-filter-ITAT-deletes-additions-ITAT-rules-on-TPO-TAXSCAN.jpg "TPO fails to Apply Industry Filter while Determining ALP of Interest: ITAT Deletes addition, Dismisses Revenues appeal [Read Order]")
AO shall not deflect from ALP Determined by TPO with respect to International Transactions: Delhi HC allows Writ Petition [Read Order]
In a recent case, the Delhi High Court while allowing the writ petition held that the assessing officer should not be deflected from the Arm's Length Price ( ALP ) determined by the Transfer Pricing...
