GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. DCIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

M/S GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

GLAXOSMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,NABHA vs. DCIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

ACIT, CHANDIGARH vs. M/S GLAXO SMITHKLINE ASIA PVT. LTD., GURGAON

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

M/S GLAXO SMITHKLINE ASIA PVT. LTD.,GURGAON vs. ACIT, C-4(1), CHANDIGARH

In the result, all the appeals of the assessee and the Revenue, stand partly allowed for statistical purposes

disallowed. 33. Before us the submissions made before the authorities below were reiterated stating that the provision so claimed represented additional liability on account of VAT in respect of sale of finished goods made by the assessee which was provided as per estimate of such market claims by the dealers or distributors. The contention of the ld. counsel

M/S CENTRIENT PHARMACEUTICALS INDIA PRIVATE LIMITED,NAWANSHAHAR vs. ADDITINAL/JOINT/DEPUTY/ASSTT. C.IT,ITO,NEAC, DELHI

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

method and determined ALP of the transaction as Nil. The TPO has further observed that no independent party would have made a similar payment in uncontrolled circumstances. We find that this issue is perennial in nature, the TPO has been consistently making TP adjustment in respect of corporate services fee for similar reasons. The co-ordinate bench in appeal

DCIT, C-1(1) , CHANDIGARH vs. M/S FIDELITY INFORMATION SERVICES INDIA PVT. LTD., CHANDIGARH

In the result, the cross-objection filed by the assessee is dismissed

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

TP order; the APA Authority, while determining the mark-up as 16.60%. Thus, it is not once but the cost-plus mark-up reimbursement has been verified by the lower authorities at various stages, i.e., TPO, APA and CIT(A). 9.15 It was submitted that the Hon'ble Tribunal while passing the order for assessment years