Transfer Pricing

Blog, News, Transfer Pricing

November 11, 2022

Director holding no share in Company can’t be treated as Associated Enterprise: ITAT

Case Details: DCIT v. Reliance … Continue reading “Director holding no share in Company can’t be treated as Associated Enterprise: ITAT”

Blog, News, Transfer Pricing

October 20, 2022

DRP has 6 months to pass rectification order: Mumbai ITAT

Case Details: Michael Page International … Continue reading “DRP has 6 months to pass rectification order: Mumbai ITAT”

Blog, News, Transfer Pricing

October 6, 2022

ITAT justified TP adjustment as assessee failed to prove that sum given advanced to AE was quasi-capital in nature

Case Details: Kalpataru Power Transmission … Continue reading “ITAT justified TP adjustment as assessee failed to prove that sum given advanced to AE was quasi-capital in nature”

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September 29, 2022

TPO can’t ignore certificates issued by third-party vendors of AE confirming price charged from assessee: ITAT

Case Details: Kimberly-Clark Lever (P.) … Continue reading “TPO can’t ignore certificates issued by third-party vendors of AE confirming price charged from assessee: ITAT”

News, Blog, Transfer Pricing

September 26, 2022

TP adjustment isn’t permitted on adhoc basis: ITAT

Case Details: HSBC Asset Management … Continue reading “TP adjustment isn’t permitted on adhoc basis: ITAT”

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September 23, 2022

TPO has to look overall business scenario to prove rendering of services by AE

Case Details: United Breweries Ltd. … Continue reading “TPO has to look overall business scenario to prove rendering of services by AE”

Blog, News, Transfer Pricing

September 6, 2022

TPO is required to pass order before the last date of limitation period of 60 days: ITAT

Case Details: Sigma Aldrich Chemicals … Continue reading “TPO is required to pass order before the last date of limitation period of 60 days: ITAT”

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July 7, 2022

TPO to collate data from comparable companies exercising powers u/s 133(6): ITAT

Case Details: Toyota Tsusho India … Continue reading “TPO to collate data from comparable companies exercising powers u/s 133(6): ITAT”

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July 7, 2022

CIT can’t revise order passed by AO in accordance with directions issued by DRP: ITAT

Case Details: Barclays Bank PLC … Continue reading “CIT can’t revise order passed by AO in accordance with directions issued by DRP: ITAT”

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June 30, 2022

CBDT keeps tolerance limit under Transfer Pricing for AY 2022-23 unchanged

Notification No. 70/2022, dated 28-06-2022 … Continue reading “CBDT keeps tolerance limit under Transfer Pricing for AY 2022-23 unchanged”