S. 92C: Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Outstanding receivables from Associated Enterprises-Separate international transaction-Interest to be computed at LIBOR + 200 basis points.[S. 92B, 92CA, 143(3), 144C]
Ariba Technologies India (P.) Ltd. v. Dy. CIT (2025) 212 ITD 17 / 126 ITR 272 (Bang.)(Trib.)
Digest of case laws
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This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Click here to download the pdf versions of the Digest of case laws S. 92C: Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Royalty-Transactional Net Margin Method-Principle of consistency-Matter remanded-Outstanding receivables-Delay beyond agreed credit period-Interest to be benchmarked at LIBOR + 200 basis points.[S.92B, 92CA]
Toyota Boshoku Automotive India (P.) Ltd. v. Dy. CIT (2025) 126 ITR 298 / 174 taxmann.com 933 (Bang.)(Trib.)S. 90: Double taxation relief-Non-resident-Government authority-Interest income-Abu Dhabi Investment Authority-Exempt under India-UAE DTAA-Denial based on Truecaller search unsustainable-DTA-India-UAE.[Art. 24(2)(b)(ii)]
Abu Dhabi Investment Authority v. Dy. CIT [2024] 160 taxmann.com 104 / (2025) 126 ITR 209 (Mum.)(Trib.)S. 90: Double taxation relief-Foreign tax credit-Form No. 67 filed-Substantive compliance-Credit allowable.
Toyota Boshoku Automotive India (P.) Ltd. v. Dy. CIT (2025) 126 ITR 298 / 174 taxmann.com 933 (Bang.)(Trib.)S. 69C: Unexplained expenditure-Bogus purchases-Day-to-day stock records, GST documents and banking evidence produced-Sales accepted-Addition deleted-Estimated profit element-Purchase prices comparable with genuine purchases-No basis for estimating profit-Addition deleted.[S. 133(6)]
Gaurav Singhi v. ITO (2025) 126 ITR 259 (Chd.)(Trib.)S. 69A: Unexplained money-Protective addition-Fraudulent bank account operated by third parties-No benefit or control of account by assessee-Addition deleted. [S 206C]
Mandeep Singh v. ITO (2025) 126 ITR 240 / 178 taxmann.com 474 (Amritsar)(Trib.)S. 69A: Unexplained money-Cash deposits-Availability of cash from earlier withdrawals-Matter remanded for fresh examination-Reassessment-“Reason to believe”-Prima facie belief sufficient-Reopening valid-Delay of six days was condoned. [S. 147, 148, 254(1)]
Akshat Loyalka v. ITO (2025) 126 ITR 373 / 175 taxmann.com 42 (Jaipur)(Trib.)S. 69A: Unexplained money-Cash deposits-Deposits made by members of co-operative society-Explanation accepted-Ad hoc addition deleted.
Sanjivani Mahila Gramin Bigar Sheti Sahakari Pat Sanstha v. ITO (2025) 126 ITR 713 (Nagpur)(Trib.)S. 68 : Cash credits-Share capital-Unsecured loan-Established identity, creditworthiness and genuineness of transaction beyond doubt-Addition deleted.
Pioneer Fabricators (P.) Ltd. v. Dy. CIT (2025) 126 ITR 115 / 175 taxmann.com 96 (Delhi) (Trib)S. 68 : Cash credits-Unsecured loans-Identity, creditworthiness and genuineness established-Addition deleted-Source of source-Requirement not applicable-Addition based on suspicion not sustainable. [S. 131, 133(6)]
ITO v. Agrasen Logistics (2025) 126 ITR 436 / 179 taxmann.com 86 (Agra)(Trib.)