![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]")
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]
In a significant ruling the Delhi High Court observed that the Income Tax Appellate Tribunal ( ITAT )has power to recall its order under Section 254...
![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]](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]](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]](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]")
Functional Dissimilarity between Companies and Assessee: Delhi HC upholds Order of ITAT Directing Exclusion of Comparables [Read Order]
The Delhi High Court upheld the order of the Income Tax Appellate Tribunal (ITAT) directing the exclusion of comparables as there was functional dissimilarity between the companies and the assessee. ...
![Functional Dissimilarity between Companies and Assessee: Delhi HC upholds Order of ITAT Directing Exclusion of Comparables [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Functional-Dissimilarity-Companies-Assessee-Delhi-HC-ITAT-Exclusion-of-Comparables-taxscan.jpg "Functional Dissimilarity between Companies and Assessee: Delhi HC upholds Order of ITAT Directing Exclusion of Comparables [Read Order]")
No Material basis for Discrediting Debit Notes: Delhi HC upholds ITAT order on deletion of Disallowance of Engineering Fees [Read Order]
The Delhi High Court upheld the order of the Income Tax Appellate Tribunal (ITAT) on deletion of disallowance of engineering fees as there was no material basis for discrediting debit notes. By...
![No Material basis for Discrediting Debit Notes: Delhi HC upholds ITAT order on deletion of Disallowance of Engineering Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Material-Basis-Discrediting-Debit-Notes-Delhi-HC-ITAT-Deletion-of-Disallowance-Engineering-Fees-taxscan.jpg "No Material basis for Discrediting Debit Notes: Delhi HC upholds ITAT order on deletion of Disallowance of Engineering Fees [Read Order]")
![AMP Expenses incurred not Amounts to International Transaction: Delhi HC upholds ITATs order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/AMP-Expenses-Incurred-Amounts-to-International-Transaction-Delhi-HC-ITATS-Order-TAXSCAN.jpg "AMP Expenses incurred not Amounts to International Transaction: Delhi HC upholds ITATs order [Read Order]")