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ALP Adjustment Falls Within Tolerance Band Of +/- of 5%: ITAT Deletes TP-Adjustment On Payment For Consultancy, Professional Fees

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the TP adjustment on payment for consultancy and professional fees and other services by the assessee to its Associated Enterprises.

Enterprises aesDelhi benchIncome tax appellate tribunalAssociated enterprisesAnubhav sharmaJudicial memberAccountant memberIncome tax actTransfer pricingLength pricingTransfer pricing officerLength priceFor appellantLp adjustmentLp adjustmentProfessional fees

Tax Cases Weekly Round-Up: 20 August To 26 August, 2023

Supreme CourtSupreme Court Recalls Judgment Holding That No Indirect Taxes Can Be Levied On Duty-Free Shops At AirportsCase Title: Commissioner of CGST and Central Excise Mumbai East vs Flemingo.

Uttar pradeshHimachal pradeshState of jharkhandLivelaw jhaLivelaw gujVardhman ispat udyogGujarat high courtUttar pradesh appellate authority of advance rulingDelhi high courtRajasthan authority of advance rulingMs vodafone mobile servicesSupreme courtJharkhand high courtIncome tax versus standard chartered bankStandard chartered bankAstec lifesciences ltd

ITAT Deletes TP-Adjustment On Payment Of Export Commission And Model Fee Against Honda Subsidy

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the adjustment on account of Arm s Length Pricing (ALP) of the export commission payment against the Honda subsidy.The bench of.

Challa nagendra prasadHonda motor co ltdHonda motor coRhonda groupDelhi benchIncome tax appellate tribunalLength pricingJudicial memberShamim yahyaAccountant memberIncome tax actLength priceHonda motorExport commissionHonda motorcycleScooter india

GRA explores deployment of mobile portal to ease Transfer Pricing documentation submissions

Moses Yidana, Head of the Transfer Pricing Unit at the Ghana Revenue Authority (GRA), has revealed that the Authority is exploring the deployment of a mobile portal to enable taxpayers submit their transfer pricing (TP) documentations via mobile phones. Last year, the GRA introduced an online portal that allowed taxpayers…

United kingdomKingsley owusu ewliMoses yidanaAbeku gyan quansahRevenue administrationAfrica scotland business network strategic partnerUnited ghana chamberGhana business councilGhana chamberTax line of service at pwc ghanaGhana revenue authorityOrganisation for economic corporationMultinational enterprises mnes through effective transfer pricingRevenue administration actTransfer pricing unitPwc ghana

GRA explores deployment of mobile portal to ease transfer pricing documentation submissions

GRA explores deployment of mobile portal to ease transfer pricing documentation submissions
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Moses yidanaKingsley owusu ewliAbeku gyan quansahRevenue administration actUnited ghana chamberOrganisation for economic corporationRevenue administrationMultinational enterprises mnes through effective transfer pricingTax line of service at pwc ghanaGhana revenue authorityTransfer pricing unitTransfer pricingPwc ghanaMultinational enterprisesThrough effective transferEconomic corporation