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Direct Tax Cases Monthly Round Up: May 2024

Supreme CourtInterest-Free/Concessional Loans To Bank Employees Taxable As Perquisite : Supreme Court Upholds Rule 3(7)(I) Of Income Tax RulesCase Name- All India Bank Officers Confederation Vs The. ....

Bombay , Maharashtra , India , Calcutta , West-bengal , Kolkata , Delhi , France , Pune , Hindustan , India-general , Orissa

Impact Of Working Capital Adjustment On Outstanding Trade Receivable Must Be Verified Before Making ALP Adjustment Qua Notional Interest: Ahmedabad ITAT

The Ahmedabad ITAT remitted the issue of transfer pricing adjustment regarding interest on overdue trade receivables in case of entity engaged in manufacturing of pharmaceutical products, while. ....

Parin-shah , Enterprises-aes , International-transaction , Suchitra-kamble , Judicial-member , Waseem-ahmed , Accountant-member , Transfer-pricing-officer , Length-price , Transaction-net-margin-method ,

Direct Taxes Weekly Round-Up: 19 To 25 May 2024

Delhi High CourtAssessee Can t Be Obstructed From Availing DTVSV Act Benefits Even When Limitation Period For Appeal Hasn t Expired: Delhi High CourtCase Title: PT Bukaka Teknik Utama Versus. ....

Haryana , India , Delhi , Kerala , Bombay , Maharashtra , Shiv , Rajasthan , New-delhi , Allahabad , Uttar-pradesh , Asansol

Once TPO Passed Order, AO Obliged To Pass An Assessment Order In Accordance With Section 92CA(4): Delhi High Court

The Delhi High Court has held that once the Transfer Pricing Officer (TPO) had proceeded to pass the order of October 17, 2017, all that the AO was obliged to do was pass an assessment order in. ....

Delhi , India , Justice-purushaindra-kumar-kaurav , Sachit-jolly , Justice-yashwant-varma , Delhi-high-court , Resolution-panel , Transfer-pricing-officer , Income-tax , Assessing-officer , Transfer-pricing , Dispute-resolution-panel

AO Is Not Clothed With Powers To Ascertain ALP Of Any International Transaction: Delhi High Court

The Delhi High Court has held that AO is not clothed with the powers to ascertain the Arm s Length Price (ALP) of any international transaction.The bench of Justice Yashwant Varma and Justice. ....

Delhi , India , Germany , Justice-yashwant-varma , Deepak-chopra , Justice-purushaindra-kumar-kaurav , Delhi-high-court , Length-price , Income-tax-act , Income-tax-return , Transfer-pricing-officer