SKF TECHNOLOGIES (INDIA) P. LTD., vs. DEPUTY COMMISSIONER OF INCOME TAX

The Appeal is disposed of

Bench: S.SUJATHA,VINEET KOTHARI

3. The issue involved before the learned Tribunal was to benchmarking of the value of the group IT expenses shared by the Assessee-Company and paid to its Associate Enterprise M/s. SKF Data Services, Sweden, where the adjustments were made under Section 92C of the Act required further investigation and therefore the learned Tribunal remanded the matter back

PR COMMISSIONER OF INCOME TAX-5 vs. M/S PAGE INDUSTRIES LTD

In the result, the appeal fails and is hereby dismissed

Bench: ALOK ARADHE,R. NATARAJ

3) of the Act. The Transfer Pricing Officer treated the expenditure incurred on the advertisement and marketing and product promotion as an international transaction and determined the arms length price by applying bright line method. Pursuant to the order passed by the Transfer Pricing Officer, a draft assessment order was passed by the Assessing Officer, by which disallowance

THE PR. COMMISSIONER OF INCOME TAX vs. M/S EDS ELECTRONICS DATA SYSTEMS INDIA PVT.LTD.

In the result, we do not find any merit in this

Bench: ALOK ARADHE,R. NATARAJ

3) of the Act assessed the income at Rs.33,98,72,603/- after making disallowances with regard to addition on account of income from other sources, addition on account of foreign exchange loss and addition on account of Arms 6 Length Price (ALP). 5. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals

PR COMMISSIONER OF vs. M/S LUWA INDIA PRIVATE LIMITED

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

3) of the Act, can only determine the Arms Length Price of an international transaction, is no longer res integra and the same has already been adjudicated by the decisions of Delhi and Bombay High Courts respectively in 'CIT Vs. EKL APPLIANCES LTD.' and 'CIT Vs. LEVER INDIA EXPORTS LTD', supra. The aforesaid issue is no longer res integra

PR COMMISSIONER OF vs. M/S TELELOGIC INDIA PVT LTD

Bench: S.SUJATHA,VINEET KOTHARI

disallowance of rent equalization provision for an amount of Rs.5,47,46,191/- even when the assessing authority has applied Accounting Standard -19 of principle of accountancy, which stipulated that if no liability were to exist against a provision, the Date of Judgment 28-06-2018, ITA No.550/2016 Pr. Commissioner of Income Tax-7 & another Vs. M/s Telelogic India