APOLLO TYRES LTD,COCHIN vs. THE DEPUTY COMMISSIONER OF INCOME TAX, COCHIN
In the result, this ground of appeal stands allowed
ITA 1000/COCH/2024[2021-22]Status: DisposedITAT Cochin10 Sept 2025AY 2021-22
Bench: Shri Inturi Rama Rao, Am & Shri Rahul Chaudhary, Jm Assessment Year: 2021-22 Apollo Tyres Ltd. .......... Appellant 3Rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036 [Pan: Aaaca6990Q] Vs. Acit, Corporate Circle-1(1), Kochi ......... Respondent Assessee By: Shri Abraham Joseph Markos, Adv. Revenue By: Shri Sanjit Kumar Das, Cit-Dr Date Of Hearing: 20.08.2025 Date Of Pronouncement: 10.09.2025
For Appellant: Shri Abraham Joseph Markos, AdvFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 143(3)Section 14ASection 92C
transfer pricing adjustment of Rs.
10,10,60,755/- on Corporate Guarantee fee a.
The TPO has erred in law and on the facts of the case in making an adjustment on account of corporate guarantee and the DRP has erred in upholding the adjustment up to Rs. 10,10,60,755/- & disregarding the benchmarking study obtained by appellant company
