{"id":36519,"date":"2023-09-01T15:31:27","date_gmt":"2023-09-01T10:01:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ul-india-pvt-ltd-v-dy-cit-202296-itr-191-bangtrib-2\/"},"modified":"2023-09-01T15:31:27","modified_gmt":"2023-09-01T10:01:27","slug":"ul-india-pvt-ltd-v-dy-cit-202296-itr-191-bangtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ul-india-pvt-ltd-v-dy-cit-202296-itr-191-bangtrib-2\/","title":{"rendered":"Ul India Pvt. Ltd. v Dy. CIT (2022)96 ITR 191 (Bang)(Trib)"},"content":{"rendered":"<p>Tribunal held that where foreign exchange loss was considered as operating expenses by the Transfer Pricing Officer and accordingly, he computed the arm\u2019s length price, making a consequent addition to the total income on account of the determination of arm\u2019s length price., the Tribunal held that the Tribunal on the issue with regard to certification services had remitted the question of determination of arm\u2019s length price to the Assessing Officer\/Transfer Pricing Officer in the AY 2009-10. Therefore, the issue was remitted for determination of the arm\u2019s length price of the international transaction of rendering certification services by the assessee to its associated enterprise.\u00a0 Only when combined approach not accepted there could be a separate benchmarking of\u00a0 payment towards royalty. Matter remanded. \u00a0\u00a0(AY. 2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Comparables-Certification services-Royalty-Only when combined approach not accepted there could be a separate benchmarking of  payment towards royalty-Matter remanded.  [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-36519","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9v1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36519","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=36519"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36519\/revisions"}],"predecessor-version":[{"id":36520,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36519\/revisions\/36520"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}