{"id":44990,"date":"2024-08-10T15:10:28","date_gmt":"2024-08-10T09:40:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ness-digital-engineering-india-p-ltd-v-add-cit-2023107-itr-584-mum-trib\/"},"modified":"2024-08-10T15:10:28","modified_gmt":"2024-08-10T09:40:28","slug":"ness-digital-engineering-india-p-ltd-v-add-cit-2023107-itr-584-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ness-digital-engineering-india-p-ltd-v-add-cit-2023107-itr-584-mum-trib\/","title":{"rendered":"Ness Digital Engineering (India) P. Ltd. v. Add. CIT (2023)107 ITR 584 (Mum) (Trib)"},"content":{"rendered":"<p>Held that when there is no element of profit or mark-up in the hands of the associated enterprise in incurring the day-to-day pocket expenses the expenses were not to be benchmarked. The Transfer Pricing Officer had considered the arm\u2019s length price at 10 per cent. of the expenses recovered on ad hoc basis without conforming to the methods prescribed under section\u00a092C(1)\u00a0of the Act is deleted. Late deposits of employees\u2019 contribution to provident fund and employees\u2019 State Insurance Corporation is not allowable. (AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm\u2019s length price-Avoidance of tax-International transaction-Reimbursing of expenses-No element of profit-Ad hoc adjustment recommended at 10 Per Cent. of expenses is not permissible-Late deposits of employees\u2019 contribution to provident fund and employees\u2019 State Insurance Corporation is not allowable. [S. 37(1), R.10B] <\/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-44990","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bHE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44990","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=44990"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44990\/revisions"}],"predecessor-version":[{"id":44991,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44990\/revisions\/44991"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}