{"id":55,"date":"2008-04-23T11:51:09","date_gmt":"2008-04-23T11:51:09","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=55"},"modified":"2008-04-23T11:51:09","modified_gmt":"2008-04-23T11:51:09","slug":"development-consultants-vs-dcit-itat-kolkata","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/development-consultants-vs-dcit-itat-kolkata\/","title":{"rendered":"Development Consultants vs. DCIT (ITAT Kolkata)"},"content":{"rendered":"<p><a href=\"http:\/\/www.itatonline.org\/downloads2\/index.php?development_consultants_transfer_pricing.pdf\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.itatonline.org\/images\/download.gif?w=605\" class=\"alignright\" border=\"0\" \/><\/a><br \/>\nWhere the assessee entered into \u201cinternational transactions\u201d with \u201cassociated enterprises\u201d and the AO made adjustments to the arms length price, held, deleting the adjustments that:<\/p>\n<p>(i) In order to determine the most appropriate method for determining the arm&#8217;s length price, it is first necessary to select the &#8216;tested party&#8217; and the tested party will be the least complex of the controlled taxpayer and will not own valuable intangible property or unique assets that distinguish it from potential uncontrolled comparables.<\/p>\n<p>(ii) the gross margins of the tested party need to be compared with gross margins of comparable uncontrolled transactions or unrelated enterprises entering into suchtransactions.<\/p>\n<p>(iii) On facts, where the results of the analysis done from the Indian side by the assessee showed that the international transactions entered by the assessee with the associated enterprises were at arm&#8217;s length, no adjustments were permissible. <\/p>\n<p><!--\n\n\n\n\n\n\/\/--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Where the assessee entered into \u201cinternational transactions\u201d with \u201cassociated enterprises\u201d and the AO made adjustments to the arms length price, held, deleting the adjustments that:<\/p>\n<p>(i) In order to determine the most appropriate method for determining the arm&#8217;s length price, it is first necessary to select the &#8216;tested party&#8217; and the tested party will be the least complex of the controlled taxpayer and will not own valuable intangible property or unique assets that distinguish it from potential uncontrolled comparables.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/development-consultants-vs-dcit-itat-kolkata\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,8],"tags":[],"class_list":["post-55","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-tribunal"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/55","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=55"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/55\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}