Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Expeditors International (India) Pvt. Ltd. v. Dy. CIT (2022) 95 ITR 393 (Delhi)(Trib)

S. 92C : Transfer pricing-Arm’s length price-Royalty-Transactions Valued at Nil ignoring evidence brought on record-Transfer Pricing Adjustment is not sustainable.[S.92CA]

Dy. CIT v. India Kawasaki Motors Pvt. Ltd. (2022) 96 ITR 37 (SN) (Pune) (Trib)

S. 92C : Transfer pricing-Arm’s length price-Technical Know-how fees-Not adopting one of mandatorily prescribed methods-Deletion of addition is valid.

Dy. CIT v. India Kawasaki Motors Pvt. Ltd. (2022) 96 ITR 37 (SN) (Pune) (Trib)

S. 92C : Transfer pricing-Arm’s length price-Technical Know-how fees-Not adopting one of mandatorily prescribed methods-Deletion of addition is valid.

Dy. CIT v. India Kawasaki Motors Pvt. Ltd. (2022) 96 ITR 37 (SN) (Pune) (Trib)

S. 92C : Transfer pricing-Arm’s length price-Custom duty-Recovering part from customers-Adjustments required to be made. [R. 10B(1)(b)(iv)]

Bostik India P. Ltd. v. Dy. CIT (2022)96 ITR 25 (SN) (Bang) (Trib)

S. 92C : Transfer Pricing-Arm’s Length Price-Manufacturing and marketing-Transactional Net Margin Method most appropriate-Transfer Pricing Officer’s Reasoning of constructing a hypothetical comparable uncontrolled price based on study of third party scenario is not envisaged [S.92CA]

Dy. CIT v. Bmc Software (India) Pvt. Ltd. (2022)96 ITR 18 (SN) (Pune) (Trib)

S. 92C : Transfer Pricing-Arm’s Length Price-Comparables-Government of India Company not Comparable with Assessee-Excluded from List of Comparables. [S.92CA]

Xchanging Solutions Ltd. v. Dy. CIT (2022)96 ITR 544 (Bang) (Trib)

S. 92C: Transfer pricing-Arm’s length price-Software development services-Working capital adjustment on account of outstanding receivables-Matter remanded. [S.92CA]

Xchanging Solutions Ltd. v.Dy. CIT (2022)96 ITR 544 (Bang) (Trib)

S. 92C: Transfer pricing-Arm’s length price-Comparables-Companies with turnover in excess of Rs. 200 Crores-Not comparable.

Sabic India Pvt. Ltd. v Dy. CIT (2022)96 ITR 368 (Trib)(Delhi) (Trib)

S. 92C : Transfer pricing-Arm’s length price-Net margin method-Support services to its associated enterprises-Transfer Pricing Officer discarding transactional net margin method adopted by assessee and accepted by Department for several years without assigning any specific reason-Held to be not proper. [S.92CA]

Lite-On Mobile India Pvt. Ltd. v. Dy. CIT (2022) 96 ITR 352 (Chennai) (Trib)

S. 92C : Transfer pricing-Arm’s length price-Fees for managerial services-No evidence of nature of services rendered-Transfer Pricing adjustment required for consideration paid for services. [S. 92CA]