![Consideration for Advisory Services does not amount to FTS under Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Consideration-services-FTS-Indo-US-Treaty-Taxable-Calcutta-HC-TAXSCAN.jpg "Consideration for Advisory Services does not amount to FTS under Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]")
Consideration for Advisory Services does not amount to FTS under Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]
The Calcutta High Court (HC) held that consideration for advisory services does not amount to FTS and cannot be treated as Fees for Included Services...
![Jurisdiction comes first, not PAN: Bombay HC validates the order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Jurisdiction-PAN-Bombay-High-Court-ITAT-taxscan.jpg "Jurisdiction comes first, not PAN: Bombay HC validates the order of ITAT [Read Order]")
![Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Ambuja-Cement-ITAT-deletes-ALP-adjustment-TAXSCAN.jpg "Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]")
![Advertising, Marketing and Promotion expenditures incurred are Revenue Expenditures: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Advertising-Marketing-Promotion-expenditures-Revenue-Expenditures-Revenue-Delhi-High-Court-Taxscan.jpg "Advertising, Marketing and Promotion expenditures incurred are Revenue Expenditures: Delhi HC [Read Order]")
![Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Ferrero-India-ITAT-ALP-taxscan.jpeg "Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]")
Excise Duty Exemption is Capital Receipt, neither chargeable to Income Tax nor categorised under Book Profit: ITAT [Read Order]
The Kolkata Bench, of the Income Tax Appellate Tribunal, held that excise duty exemption is a capital receipt which neither chargeable to Income Tax nor categorised under book profit. The assessee...
![Excise Duty Exemption is Capital Receipt, neither chargeable to Income Tax nor categorised under Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Excise-duty-capital-receipt-Income-tax-book-profit-ITAT-taxscan.jpeg "Excise Duty Exemption is Capital Receipt, neither chargeable to Income Tax nor categorised under Book Profit: ITAT [Read Order]")
Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that consideration paid in excess than market value of net tangible assets is treated as goodwill. The assessee Gea Process...
![Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/market-value-tangible-assets-goodwill-ITAT-depreciation-Taxscan.jpg "Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]")
Transactional Net Margin Method is the Most Appropriate Method for Benchmarking the License fees and Management Fees: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench comprising Shri George George K, JM, and Ms. Padmavathy S, AM has held that Transactional Net Margin Method is the Most Appropriate Method...
![Transactional Net Margin Method is the Most Appropriate Method for Benchmarking the License fees and Management Fees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transactional-Net-Margin-Method-Most-Appropriate-Method-Benchmarking-License-fees-Management-Fees-ITAT-Taxscan.jpeg "Transactional Net Margin Method is the Most Appropriate Method for Benchmarking the License fees and Management Fees: ITAT [Read Order]")
![Relief to Pepsico India: ITAT deletes addition on account of AMP Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Pepsico-India-ITAT-AMP-Expenses-Taxscan.jpg "Relief to Pepsico India: ITAT deletes addition on account of AMP Expenses [Read Order]")
![Geodis Overseas entitled to depreciation on goodwill: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Geodis-Overseas-depreciation-on-goodwill-ITAT-Taxscan.jpg "Geodis Overseas entitled to depreciation on goodwill: ITAT [Read Order]")
![Relief to LD India: ITAT deletes Addition since ALP Determination was barred by Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Relief-LD-India-ITAT-Addition-ALP-Determination-Limitation-taxscan.jpg "Relief to LD India: ITAT deletes Addition since ALP Determination was barred by Limitation [Read Order]")
ITAT directs AO to delete Transfer Pricing Adjustments by way of Royalty against Himalaya Drug Company [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed Assessing Officer to delete Transfer Pricing Adjustments by way of royalty against Himalaya Drug Company. The assessee, M/s. The...
![ITAT directs AO to delete Transfer Pricing Adjustments by way of Royalty against Himalaya Drug Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-AO-Transfer-Pricing-Adjustments-Royalty-Himalaya-Drug-Company-Taxscan.jpg "ITAT directs AO to delete Transfer Pricing Adjustments by way of Royalty against Himalaya Drug Company [Read Order]")