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BBC | ITAT rejects revenue department appeal, favours BBC in transfer pricing case

Delhi bench of the ITAT has upheld the ruling handed down by the commissioner of income tax (appeals) that the advertisement expenses between BBC group entities should be treated as pass-through costs for AY 2004-05

Transfer pricing case: ITAT rules in favour of BBC World (India)

Income Tax authorities had sought to categorise advertisement and other expenses borne by BBC World (India) Pvt Ltd as cost base for charging a mark-up. The cost-based method for charging a mark-up increases the income of the assessee, resulting in a higher tax payable amount. ITAT considered the advertisement expenses a pass-through cost as it was not associated with the main business activity of BBC World (India).

ITAT dismisses I-T dept s appeal in BBC India case of AY 2004-05

The Delhi bench of ITAT upheld the CIT(A) s ruling that advertisement expenses between group entities should be treated as pass-through costs for AY 2004-05.

ITAT dismisses I-T dept s appeal in BBC India case of AY 2004-05

ITAT dismisses I-T dept s appeal in BBC India case of AY 2004-05
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