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...
![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 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]")
![ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-Delhi-HC-ITAT-Income-Tax-Act-Section-254-Of-The-Income-Tax-Act-ITAT-order-recall-power-Taxscan.jpg "ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]")
Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]
The Bombay High Court upheld the order of the Income Tax Appellate Tribunal ( ITAT ) directing to remand matter to Transfer Pricing Officer ( TPO ) and held that the comparison has to be made between...
![Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Bombay-High-Court-Bombay-HC-ITAT-Income-Tax-TPO-Transfer-Pricing-Officer-TPO-Remand-Order-Taxscan.jpg "Comparison has to be made between Two Equals: Bombay HC upholds ITAT order directing to Remand Matter to TPO [Read Order]")
Order passed Referring to Section 144(C)(1) of Income Tax Act to be Construed only as Draft Assessment Order: Madras HC [Read Order]
In a significant ruling the Madras High Court observed that the order passed referring to Section 144(C)(1) of the Income Tax Act, 1961 is to be construed only as draft assessment order. The case...
![Order passed Referring to Section 144(C)(1) of Income Tax Act to be Construed only as Draft Assessment Order: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Madras-High-Court-Madras-HC-Draft-Assessment-Order-significance-Tax-assessment-legal-update-Taxscan.jpg "Order passed Referring to Section 144(C)(1) of Income Tax Act to be Construed only as Draft Assessment Order: Madras HC [Read Order]")
Expenditure incurred on Shelved Projects are Revenue Expenditure: ITAT deletes Disallowance [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that expenditure incurred on sheleed projects are revenue expenditure and deleted the disallowance made by the assessing...
![Expenditure incurred on Shelved Projects are Revenue Expenditure: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-Revenue-Expenditure-Revenue-Expenditure-on-Shelved-Projects-ITAT-Decision-on-Project-Expenditure-Taxscan.jpg "Expenditure incurred on Shelved Projects are Revenue Expenditure: ITAT deletes Disallowance [Read Order]")
Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) made a ruling regarding the treatment of various expenses, including share-based compensation ( SBC ), depreciation, and...
![Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Amazon-India-Amazon-Amazon-Delivery-Costs-and-Warranty-Expenses-AMP-Expenditure-ITAT-Bangalore-Taxscan.jpg "Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]")
Withdrawal of Upward Adjustments of Income proposed by TPO: Delhi HC applies Rule of Consistency to adopt TNMM [Read Order]
In a recent decision the Delhi High Court applied the rule of consistency to adopt Transactional Net Margin Method ( TNMM ) in the matter regarding withdrawal of upward adjustments of income proposed...
Warranty Expenses and Delivery Cost are Activities Post-Sales, not AMP Expenditure For Amazon India: ITAT [Read Order]
In a recent ruling, the Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has clarified that delivery costs and warranty expenses should not be categorized as advertising, marketing, and...
![Warranty Expenses and Delivery Cost are Activities Post-Sales, not AMP Expenditure For Amazon India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Ruling-on-Amazon-India-Expenses-Delivery-Costs-Amazon-ITAT-Ruling-Tax-Implications-of-Amazon-Warranty-Expenses-Taxscan.jpg "Warranty Expenses and Delivery Cost are Activities Post-Sales, not AMP Expenditure For Amazon India: ITAT [Read Order]")
ITAT directs to Recompute ALP by including the Excluded Comparable Chosen for Transfer Pricing [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Amit Shukla ( Judicial Member ) and Padmavathy S. ( Accountant Member ) directed to recompute the Arm Length Price (...
![ITAT directs to Recompute ALP by including the Excluded Comparable Chosen for Transfer Pricing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Delhi-Arm-Length-Price-transfer-pricing-Comparable-companies-TAXSCAN.jpg "ITAT directs to Recompute ALP by including the Excluded Comparable Chosen for Transfer Pricing [Read Order]")