The Delhi High Court has held that the assessee was a debt-free company and there was no need to impute notional interest on outstanding receivables.The bench of Justice Rajiv Shakdher and Justice.
Synopsis: Tata Steel Ltd emerged victorious against the revenue department's Rs 100 crore transfer pricing claim and other disallowance assertions, as ruled by
Tata Steel Ltd has won a Rs 100 crore transfer pricing claim against the revenue department, with the Income Tax Appellate Tribunal ruling in favor of the steelmaker. The tribunal also disallowed interest paid on perpetual non-convertible debentures and provisions for leave encashment, despite the assessing officer s findings.
The Bombay High Court has held that the assessment order dated August 31, 2023, passed by the Faceless Assessing Officer (FAO) two years after the Dispute Resolution Panel (DRP) directions, is.
The Delhi High Court had upheld the decision of the Income Tax Appellate Tribunal (ITAT) on the selection of comparables for the determination of the arm’s length price of an international.