![Recurring Charges paid to Telephone Lines are Revenue in Nature: ITAT deletes Addition to regard to Telecommunication Lines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Recurring-Charges-telephone-lines-revenue-in-nature-ITAT-telecommunication-lines-taxscan.jpeg "Recurring Charges paid to Telephone Lines are Revenue in Nature: ITAT deletes Addition to regard to Telecommunication Lines [Read Order]")
Recurring Charges paid to Telephone Lines are Revenue in Nature: ITAT deletes Addition to regard to Telecommunication Lines [Read Order]
The Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) held that the recurring charges paid to telephone lines are revenue in nature and...
![PCIT rightly directed the Bank of India’s case to Transfer Pricing Officer for determining ALP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-PCIT-Bank-of-India-Transfer-Pricing-Officer-ALP-Taxscan.jpeg "PCIT rightly directed the Bank of India’s case to Transfer Pricing Officer for determining ALP: ITAT [Read Order]")
![Not a Comparable If Majority of Revenue is earned from Principal Service / Object: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Taxscan.jpg "Not a Comparable If Majority of Revenue is earned from Principal Service / Object: ITAT [Read Order]")
![TP Adjustment can be applied to Overseas Subsidiary even without obtaining any Royalty: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Dabur-Taxscan.jpg "TP Adjustment can be applied to Overseas Subsidiary even without obtaining any Royalty: Delhi HC [Read Judgment]")
Change of Opinion between CIT and TPO cannot be a Ground for Interference: Delhi HC grants relief to MakeMyTrip [Read Order]
The Delhi High Court recently observed that difference of opinion between Commissioner of Income Tax (CIT) (A) and Transfer Pricing Officer (TPO) cannot be a ground for interference. The division...
![Change of Opinion between CIT and TPO cannot be a Ground for Interference: Delhi HC grants relief to MakeMyTrip [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Make-my-trip.jpg "Change of Opinion between CIT and TPO cannot be a Ground for Interference: Delhi HC grants relief to MakeMyTrip [Read Order]")
No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]
A division bench of the Delhi ITAT, last week held that penalty under section 271(1)(c ) of the Income Tax Act, 1961 cannot be levied if the Arm’s Length Price (ALP) was determined as per the scheme...
![No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]")
Clubbing of International Transactions is not possible when the AE does not Provide Adequate Justification: ITAT Bangalore [Read Order]
Upholding an order passed by the Transfer Pricing Officer, the division bench of the ITAT, Bengaluru ruled that international Transactions cannot be clubbed unless the AE provide adequate...
![Clubbing of International Transactions is not possible when the AE does not Provide Adequate Justification: ITAT Bangalore [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Clubbing of International Transactions is not possible when the AE does not Provide Adequate Justification: ITAT Bangalore [Read Order]")
TPO cannot Go Beyond a Remand Order when such Remand was based on a Specific Finding: Delhi HC [Read Judgment]
In a recent ruling, the Delhi High Court found that the Transfer Pricing Officer (TPO) cannot go beyond a remand order when such remand was based on a specific finding. The division bench comprising...
AO is bound to give notice and Speaking Order before referring a matter to the TPO: Gujarat HC [Read Judgment]
In a recent decision, the division bench of the Gujarat High Court held that the Assessing Officer is liable to issue a Show Cause Notice and a speaking Order before referring a case to the Transfer...
