{"id":6806,"date":"2019-08-26T12:50:38","date_gmt":"2019-08-26T12:50:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-itochu-india-pvt-ltd-2019-414-itr-521-delhihc\/"},"modified":"2019-11-09T09:41:58","modified_gmt":"2019-11-09T09:41:58","slug":"cit-v-itochu-india-pvt-ltd-2019-414-itr-521-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-itochu-india-pvt-ltd-2019-414-itr-521-delhihc\/","title":{"rendered":"CIT   v. Itochu India Pvt. Ltd. (2019) 414 ITR 521\/ 180 DTR 334\/ 310 CTR 430\/ 266 Taxman 17 (Mag.)  (Delhi)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the\u00a0 revenue the Court held that\u00a0 the\u00a0 Tribunal\u00a0 is justified in holding that free on board value of\u00a0 contract\u00a0 cannot be\u00a0 included in\u00a0 operating cost and Tribunal\u00a0 rightly held that the Transfer Pricing Officer had &#8220;artificially enhanced the cost base of the taxpayer and proposed a mark up of the free on board value of the goods sourced by the associated enterprises and as such this approach was not available in the transactional net margin method under rule 10B(1)(e). (AY. 2007-08, 2008-09, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92C : Transfer pricing-Arm&#8217;s length price-Net margin method-Free on board value of  contract  cannot be  included in  operating cost- No question of law. [S. 92D, R.10B(1)(e)]<\/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":[1],"tags":[],"class_list":["post-6806","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1LM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6806","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=6806"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6806\/revisions"}],"predecessor-version":[{"id":8100,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6806\/revisions\/8100"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}