{"id":36541,"date":"2023-09-01T16:39:13","date_gmt":"2023-09-01T11:09:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-india-kawasaki-motors-pvt-ltd-2022-96-itr-37-sn-pune-trib\/"},"modified":"2023-09-01T16:39:13","modified_gmt":"2023-09-01T11:09:13","slug":"dy-cit-v-india-kawasaki-motors-pvt-ltd-2022-96-itr-37-sn-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-india-kawasaki-motors-pvt-ltd-2022-96-itr-37-sn-pune-trib\/","title":{"rendered":"Dy. CIT v. India Kawasaki Motors Pvt. Ltd. (2022) 96 ITR 37 (SN) (Pune) (Trib)"},"content":{"rendered":"<p>The Tribunal held that rule\u00a010B(1)(b)(iv)\u00a0of the\u00a0Income-tax Rules, 1962\u00a0provides that adjustments can be made to take into account the differences between the controlled and uncontrolled transactions that are likely to materially affect the price or cost or profit. The contention of the assessee that suitable adjustments should be made to iron out the differences of profit between the profit of tested company and the comparables was sustainable. On this score, there was no illegality in the order of the Commissioner (Appeals). It further held that the Assessing Officer\/Transfer Pricing Officer was to make adjustments to the margins earned by the comparables instead of the margins of the assessee. (AY.\u00a0 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Custom duty-Recovering part from customers-Adjustments required to be made. [R. 10B(1)(b)(iv)]  <\/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-36541","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9vn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36541","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=36541"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36541\/revisions"}],"predecessor-version":[{"id":36542,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36541\/revisions\/36542"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}