ITAT rules in favour of Hero MotoCorp in an inter group transfer pricing case
SECTIONS
Share
Synopsis
The tax department had questioned certain inter group transactions regarding purchase of auto components within units were questioned under the transfer pricing provisions.
Reuters
Transfer pricing is a regulation that determines the price two related parties (companies part of the same group) must pay.
Hero MotoCorp, one of the country’s largest two-wheeler manufacturers in a recent ruling by Income Tax Appellate Tribunal (ITAT) got a reprieve from a tax demand levied on certain inter group transactions.
As per the details of the case the tax department had questioned certain inter group transactions regarding purchase of auto components within units were questioned under the transfer pricing provisions. Transfer pricing is a regulation that determines the price two related parties (companies part of the same group) must pay.