SH. AMAR SINGH,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

Section 54 of Transfer of Property Act, it is clear that when price is partly paid and partly promised, the immovable property is deemed to have been transferred on execution and Registration of the Sale Deed if the possession of property has been given to the buyer. The assessee deposed before the Registering Authority that possession of land was handed

SH. JAI RAM,JAGADHARI vs. ITO, YAMUNANAGAR

In the result, both the appeal of different assessees are allowed

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

Section 54 of Transfer of Property Act, it is clear that when price is partly paid and partly promised, the immovable property is deemed to have been transferred on execution and Registration of the Sale Deed if the possession of property has been given to the buyer. The assessee deposed before the Registering Authority that possession of land was handed

M/S NECTAR LIFESCIENCE LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

In the result, appeal of the assessee is allowed

section 92C of the Act to the TPO for determining the arms length price in respect of specific domestic transaction undertaken by the assessee. The TPO after examining the transfer pricing adjustment and analyzing the specific domestic transaction with associated enterprises, proceeded to bench mark the power from eligible unit to non eligible unit specifically supply of electricity and steam

CENTRIENT PHARMACEUTICALS INDIA PRIVATE LIMITED,PUNJAB vs. DCIT/ ACIT, CIRCLE 1(1), CHANDIGARH, CHANDIGARH

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

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ I.T.A. No. 1201/Chd/2024 "नधा"रण वष" / Assessment Year: 2021-22

Transfer Pricing Officer, DCIT, 1(2)(2), New Delhi till now and hence the final order in the case is being finalized without giving effect to the directions of the Hon'ble DRP in the case of the assessee as the time limit for completion of the final order expires by 31/10/2024. However, this final order may be rectified accordingly

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)

transfer pricing study report prepared for those assessment years and the orders passed in Assessee company’s case in the earlier years. In a nutshell, the Hon'ble Tribunal while passing the order for assessment years 2011-12 and 2012-13 had considered all the relevant documents and after considering the arguments of Revenue and Assessee company had decided

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

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

price adjustment be made to the income of the assessee in relation to the said transaction. 41. Taking up first the issue of characterization of delayed payment of receivables beyond 60 days as international transactions u/s 92B of the Act, we find that the AO/TPO and the DRP both have relied upon the insertion of Explanation below section

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

section 57.\nThe said provision reads thus:\n\"57. Deductions.-The income chargeable under the head 'Income from other\nsources' shall be computed after making the following deductions, namely :.\n(iv) in the case of income of the nature referred to in clause (viii) of sub-\nsection (2) of section 56, a deduction of a sum equal to fifty