| COURT: | ITAT Mumbai |
| CORAM: | Amit Shukla (JM), N. K. Billaiya (AM) |
| SECTION(S): | 92CA, Rule_10B |
| GENRE: | Transfer Pricing |
| CATCH WORDS: | Allocation Key, Transfer Pricing |
| COUNSEL: | Dhanesh Bafna, Kanchun Kaushal |
| DATE: | September 26, 2014 (Date of pronouncement) |
| DATE: | October 4, 2014 (Date of publication) |
| AY: | 2008-09 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| The expenses like rent, depreciation, electricity, insurance charges, office maintenance and other miscellaneous expenses have no co-relation with the number of employees. | |
The assessee has used allocation key of employee head account. The expenses like rent, depreciation, electricity, insurance charges, office maintenance and other miscellaneous expenses have no co-relation with the number of employees. On the contrary, these expenses have a direct bearing to the revenue generation. …
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