THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TP study of the Assessee Company with regard to export sales to AE and has not proposed any transfer pricing adjustment on export sales in his transfer pricing Order. In support, on the Ground of Appeal relating to the issue “Whether LIBOR is the appropriate Interest rate on loan advanced to AE in foreign currency which is also repayable

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TP study of the Assessee Company with regard to export sales to AE and has not proposed any transfer pricing adjustment on export sales in his transfer pricing Order. In support, on the Ground of Appeal relating to the issue “Whether LIBOR is the appropriate Interest rate on loan advanced to AE in foreign currency which is also repayable

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TP study of the Assessee Company with regard to export sales to AE and has not proposed any transfer pricing adjustment on export sales in his transfer pricing Order. In support, on the Ground of Appeal relating to the issue “Whether LIBOR is the appropriate Interest rate on loan advanced to AE in foreign currency which is also repayable

BRODAWAYS OVERSEAS LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TP study of the Assessee Company with regard to export sales to AE and has not proposed any transfer pricing adjustment on export sales in his transfer pricing Order. In support, on the Ground of Appeal relating to the issue “Whether LIBOR is the appropriate Interest rate on loan advanced to AE in foreign currency which is also repayable

THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TP study of the Assessee Company with regard to export sales to AE and has not proposed any transfer pricing adjustment on export sales in his transfer pricing Order. In support, on the Ground of Appeal relating to the issue “Whether LIBOR is the appropriate Interest rate on loan advanced to AE in foreign currency which is also repayable

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

TP study of the Assessee Company with regard to export sales to AE and has not proposed any transfer pricing adjustment on export sales in his transfer pricing Order. In support, on the Ground of Appeal relating to the issue “Whether LIBOR is the appropriate Interest rate on loan advanced to AE in foreign currency which is also repayable

SATIA INDUSTRIES LIMITED,MUKTSAR vs. DCIT/ACIT CIRCLE I, BATHINDA, BATHINDA

In the result, the appeal of the assessee is partly allowed

Bench: Dr. M. L. Meena & Sh. Udayan Dasgupta

TP Adjustment - addition made by AO concerning the variation in the arm's length price of power, where the AO, following the directions of the Dispute Resolution Panel (DRP), reduced the sales value of power from the assessee's reported value - AR submitted that the price at which surplus power is supplied by producers to the Indian Energy Exchange