![Qualifying Activities under TTS is outside provisions of TP: ITAT deletes addition on account of allocation of Head Office Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Qualifying-Activities-TTS-outside-provisions-TP-ITAT-addition-allocation-Head-Office-Expenses-taxscan.jpg "Qualifying Activities under TTS is outside provisions of TP: ITAT deletes addition on account of allocation of Head Office Expenses [Read Order]")
Qualifying Activities under TTS is outside provisions of TP: ITAT deletes addition on account of allocation of Head Office Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench while deleting additions made towards the allocation of head office expenses held that...
![Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Arms-Length-Price-Benefit-ALP-falls-Tolerance-Band-Income-Tax-Act-ITAT-taxscan.jpg "Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]")
![Transfer Pricing Adjustment shall not be made on account of Intra-Group Services available from AE for Manufacturing & Trading Services, if proven with Documentary Evidences: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Transfer-Pricing-Adjustment-Transfer-Pricing-Adjustment-Transfer-Pricing-Adjustment-shall-not-be-made-on-account-of-Intra-Group-Services-Intra-Group-Services-AE-taxscan.jpg "Transfer Pricing Adjustment shall not be made on account of Intra-Group Services available from AE for Manufacturing & Trading Services, if proven with Documentary Evidences: ITAT [Read Order]")
![ITAT directs Re-adjudication on Transfer Pricing Adjustments against Reckitt Benckiser by Treating allocated Expenses as NIL [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Re-adjudication-Transfer-Pricing-Adjustments-Reckitt-Benckiser-taxscan.jpg "ITAT directs Re-adjudication on Transfer Pricing Adjustments against Reckitt Benckiser by Treating allocated Expenses as NIL [Read Order]")
Non-Compliance of E-notice due to non-Reaching to Concerned Officials as Employee Handling Matter left Company is a Reasonable Cause: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the non-compliance of e-notice due to non-reaching to the concerned officer as the employee handling the matter had left the...
![Non-Compliance of E-notice due to non-Reaching to Concerned Officials as Employee Handling Matter left Company is a Reasonable Cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-of-E-notice-due-to-non-Reaching-to-Concerned-Officials-as-Employee-Handling-Matter-left-Company-is-a-Reasonable-Cause-ITAT-TAXSCAN.jpg "Non-Compliance of E-notice due to non-Reaching to Concerned Officials as Employee Handling Matter left Company is a Reasonable Cause: ITAT [Read Order]")
ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the order passed by Transfer Pricing Officer (TPO) under Section 92CA(3) of the Income Tax Act against Frost and Sullivan on the...
![ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Quashes-TPO-Passed-Income-Tax-Act-Frost-Sullivan-Ground-of-Limitation-taxscan.jpg "ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]")
Income Tax Dept cannot Rely on Press Notes to Determine Arm's Length Price of Sales for Payment of Royalty: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the lower authorities i.e., income tax authorities was not correct in referring press notes to determine arm's length price...
![Income Tax Dept cannot Rely on Press Notes to Determine Arms Length Price of Sales for Payment of Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Dept-Income-Tax-Income-Income-Tax-Dept-cannot-Rely-on-Press-Notes-Press-Notes-Arms-Length-Price-of-Sales-for-Payment-of-Royalty-ITAT-Taxscan.jpg "Income Tax Dept cannot Rely on Press Notes to Determine Arms Length Price of Sales for Payment of Royalty: ITAT [Read Order]")
AO Cannot Make Adjustments when Assessee Extended Credit Period to Non-AEÂ Without Charging Interest on Delayed Payment: ITAT grants Relief to Tech Mahindra [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the AO(Assessing Officer) /TPO(Transfer Pricing Officer) is not required to make the adjustment on notional basis when the...
![AO Cannot Make Adjustments when Assessee Extended Credit Period to Non-AEÂ Without Charging Interest on Delayed Payment: ITAT grants Relief to Tech Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Adjustments-Assessee-Extended-Credits-Period-Non-AE-Charging-Interest-Delayed-Payment-ITAT-taxscan.jpg "AO Cannot Make Adjustments when Assessee Extended Credit Period to Non-AEÂ Without Charging Interest on Delayed Payment: ITAT grants Relief to Tech Mahindra [Read Order]")
Internal CUP is the most appropriate method for Undertaking the Determination of Arm’s Length Price: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the internal Comparable Uncontrolled Price Method (CPU) is the most appropriate method for undertaking the determination of the...
![Internal CUP is the most appropriate method for Undertaking the Determination of Arm’s Length Price: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Internal-CUP-is-the-most-appropriate-method-for-Undertaking-the-Determination-of-Arms-Length-Price-ITAT-TAXSCAN.jpg "Internal CUP is the most appropriate method for Undertaking the Determination of Arm’s Length Price: ITAT [Read Order]")
Cost of Goods Cannot be Included in Denominator of PLI while Computing Net Profit Margin u/s 10(B)(1)(e) of Income Tax Act: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the cost of goods cannot be included in the part of Profit Level Indicator (PLI) while computing the net profit margin under...
![Cost of Goods Cannot be Included in Denominator of PLI while Computing Net Profit Margin u/s 10(B)(1)(e) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Factory-Gate-Place-of-Removal-Cost-of-Transportation-Transportation-Price-of-Goods-Assessable-Value-CESTAT-excise-customs-service-tax-Taxscan.jpg "Cost of Goods Cannot be Included in Denominator of PLI while Computing Net Profit Margin u/s 10(B)(1)(e) of Income Tax Act: ITAT [Read Order]")
ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order passed by the Transfer Pricing Officer (TPO) under section 92CA of the Income Tax Act,1961 on the ground of...
![ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Quashes-Assessment-Order-by-TPO-Income-Tax-Act-Against-Johnson-Johnson-Pvt-Ltd-due-to-Barred-by-Limitation-TAXSCAN.jpg "ITAT Quashes Assessment Order by TPO u/s 92CA of Income Tax Act Against Johnson & Johnson Pvt Ltd due to Barred by Limitation [Read Order]")