{"id":36573,"date":"2023-09-01T16:52:30","date_gmt":"2023-09-01T11:22:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/a-raymond-fasteners-india-p-ltd-v-dy-cit-2022215-ttj-228-134-taxmann-com-145-pune-trib\/"},"modified":"2023-09-01T16:52:30","modified_gmt":"2023-09-01T11:22:30","slug":"a-raymond-fasteners-india-p-ltd-v-dy-cit-2022215-ttj-228-134-taxmann-com-145-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/a-raymond-fasteners-india-p-ltd-v-dy-cit-2022215-ttj-228-134-taxmann-com-145-pune-trib\/","title":{"rendered":"A Raymond Fasteners India (P.) Ltd. v. Dy.CIT (2022)215 TTJ 228\/ 134 taxmann.com 145 (Pune) (Trib.)"},"content":{"rendered":"<p>The TPO did accept the assessee&#8217;s contention of treating foreign AEs as tested parties and proceeded with the ALP determination by taking the assessee as a tested party. Held that a foreign AE can also be taken as tested party. TPO was justified in in rejecting the foreign AE as tested party and adopting the assessee itself as a tested party. The assessee could not provide the TPO with relevant and verifiable information on the foreign AEs and comparables to determine the transaction&#8217;s ALP because the foreign\/AEs are complex. Matter was set aside and sent to the AO\/TPO file for a fresh determination based on directions. Transfer Pricing adjustment to be restricted only to value of International transaction (AY. 2014-15)<strong>\u00a0\u00a0 <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm&#8217;s length price-Transfer pricing adjustment should be restricted only to international transactions and not at entity level [Rule. 10AB] <\/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-36573","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9vT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36573","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=36573"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36573\/revisions"}],"predecessor-version":[{"id":36574,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36573\/revisions\/36574"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}