{"id":36437,"date":"2023-08-29T13:21:10","date_gmt":"2023-08-29T07:51:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/roca-bathroom-products-pvt-ltd-v-dy-cit-2022100-itr-65-snchennai-trib-3\/"},"modified":"2023-08-29T13:21:10","modified_gmt":"2023-08-29T07:51:10","slug":"roca-bathroom-products-pvt-ltd-v-dy-cit-2022100-itr-65-snchennai-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/roca-bathroom-products-pvt-ltd-v-dy-cit-2022100-itr-65-snchennai-trib-3\/","title":{"rendered":"Roca Bathroom Products Pvt. Ltd. v. Dy. CIT (2022)100 ITR 65 (SN)(Chennai) (Trib)"},"content":{"rendered":"<p>Held that \u00a0for the assessment year 2012-13, the Tribunal had held that determination by the Transfer Pricing Officer at an ad hoc figure 1 per cent. of gross sales and not a figure arrived at by calculation or method prescribed in section\u00a092C(1)\u00a0much less rule\u00a010AB\u00a0of the\u00a0Income-tax Rules, 1962\u00a0was not sustainable. The Transfer Pricing Officer had merely presumed that there existed an arrangement between the assessee and its associated enterprises for promotion of the brand. No such arrangement had been brought on record. Therefore, taking a consistent stand in the matter, the adjustment was to be deleted.(AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Advertisement, marketing and promotion expenditure-estimation at ad hoc figure of 1 per cent. of gross sales-Adjustment is not proper. [S.92CA] <\/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-36437","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9tH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36437","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=36437"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36437\/revisions"}],"predecessor-version":[{"id":36438,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36437\/revisions\/36438"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}