{"id":26269,"date":"2022-04-06T17:29:22","date_gmt":"2022-04-06T11:59:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/qualcomm-india-pvt-ltd-v-add-cit-2021-92-itr-434-delhi-trib\/"},"modified":"2022-04-06T17:29:22","modified_gmt":"2022-04-06T11:59:22","slug":"qualcomm-india-pvt-ltd-v-add-cit-2021-92-itr-434-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/qualcomm-india-pvt-ltd-v-add-cit-2021-92-itr-434-delhi-trib\/","title":{"rendered":"Qualcomm India Pvt. Ltd. v. Add. CIT (2021) 92 ITR 434 (Delhi) (Trib.)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Held that functionally dissimilar companies cannot be taken as comparable.\u00a0 When the assessee is\u00a0 debt free company, adjustment made on interest on receivables is not\u00a0 sustainable. Additional ground admitted\u00a0 and education cess\u00a0 held to be\u00a0 allowable as deduction. (AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Functionally dissimilar companies cannot be taken as comparable-Outstanding receivable-Debt free company-Adjustment made on interest on receivables not  sustainable-Appellate Tribunal-Additional ground admitted-Education cess-Allowable as deduction. [S. 37(1), 40(a)(ii)]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","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":""},"categories":[21],"tags":[],"class_list":["post-26269","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6PH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26269"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26269\/revisions"}],"predecessor-version":[{"id":26270,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26269\/revisions\/26270"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}