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18 results for “transfer pricing”+ Section 234Aclear

Sorted by relevance

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Key Topics

Section 143(3)30Section 144C15Section 234A12Section 5411Section 80I11Section 92C9Addition to Income9Section 144C(5)7Transfer Pricing7Section 144

M/S PHILIPS INDIA LTD.,KOLKATA vs. DCIT, CIR-12(2), KOLKATA, KOLKATA

ITA 539/KOL/2016[2011-2012]Status: DisposedITAT Kolkata15 Dec 2017AY 2011-2012

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 143(3)Section 144CSection 144C(5)Section 92C

234A of the Act. 10. Interest under section 234B 10.1 The Learned AO erred in levying interest of Rs. 39,96,22,576 under section 234B of the Act. 11. Interest under section 234D 11.1. The Learned AO erred in levying interest of Rs. 1,61,67,498 under section 234D of the Act. 12. Interest under section 244A

DCIT, CIR-12(2), KOLKATA, KOLKATA vs. M/S PHILIPS INDIA LTD., KOLKATA

ITA 863/KOL/2016[2011-2012]Status: DisposedITAT Kolkata15 Dec 2017AY 2011-2012
6
Capital Gains4
Long Term Capital Gains4

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 143(3)Section 144CSection 144C(5)Section 92C

234A of the Act. 10. Interest under section 234B 10.1 The Learned AO erred in levying interest of Rs. 39,96,22,576 under section 234B of the Act. 11. Interest under section 234D 11.1. The Learned AO erred in levying interest of Rs. 1,61,67,498 under section 234D of the Act. 12. Interest under section 244A

M/S. TEGA INDUSTRIES LIMITED,KOLKATA vs. D.C.I.T., CIRCLE - 11(1), KOLKATA

In the result, the appeal filed by the assessee is partly allowed

ITA 1875/KOL/2024[2020-2021]Status: DisposedITAT Kolkata11 Dec 2025AY 2020-2021

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(3)Section 144Section 144C(5)Section 92BSection 92CSection 92C(3)

transfer pricing proceedings when the facts of the case including the underlying arguments have not altered. 4. Non-grant of deduction under section 80G of the Act. 4.1. That on the facts and in the circumstances of the case and in law, The Ld. AO and Hon'ble DRP erred in not granting the deduction claimed by the Appellant under

GE HEALTHCARE FINLAND OY(FORMERLY KNOWN AS INSTRUMENTARIUM CORPORATION LTD,BANGALORE vs. DY. DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION -1(1), KOLKATA

In the result, all the two appeals of the assessee are allowed in part

ITA 310/KOL/2021[2005-06]Status: DisposedITAT Kolkata05 Apr 2024AY 2005-06

Bench: Shri Rajpal Yadav, Vice- & Shri Girish Agrawal]

Section 144Section 148Section 234ASection 250Section 9Section 92Section 92C

transfer pricing adjustment in the Assessment Order has resulted in erosion of tax revenue to the extent of 23.66% (33.66%-10%). 4. Without prejudice, the CIT(A) erred in upholding the action of the AO in benchmarking the alleged international transaction of interest payable on loan on the basis of prime lending rate of SBI as opposed to 3 I.T.A

GE HEALTHCARE FINLAND OY(FORMERLY KNOWN AS INSTRUMENTARIUM CORPORATION LTD,BANGALORE vs. DY. DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION -1(1), KOLKATA

In the result, all the two appeals of the assessee are allowed in part

ITA 311/KOL/2021[2007-08]Status: DisposedITAT Kolkata05 Apr 2024AY 2007-08

Bench: Shri Rajpal Yadav, Vice- & Shri Girish Agrawal]

Section 144Section 148Section 234ASection 250Section 9Section 92Section 92C

transfer pricing adjustment in the Assessment Order has resulted in erosion of tax revenue to the extent of 23.66% (33.66%-10%). 4. Without prejudice, the CIT(A) erred in upholding the action of the AO in benchmarking the alleged international transaction of interest payable on loan on the basis of prime lending rate of SBI as opposed to 3 I.T.A

M/S. PHILIPS INDIA LIMITED (FORMERLY PHILIPS ELECTRONICS INDIA LITD.),KOLKATA vs. ACIT, CIRCLE - 12(2), , KOLKATA

In the result, the appeal of the assessee is allowed as per the discussion made

ITA 2600/KOL/2018[2014-15]Status: DisposedITAT Kolkata15 May 2019AY 2014-15

Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.2600/Kol/2018 ("नधा"रणवष" / Assessment Year:2014-15) M/S Philips India Ltd. Vs. Acit, Circle-12(2), Kolkata

For Appellant: Shri P. J. Pardiwala, Sr. Advocate, Mr. Ketan V. Ved& Ms. PurbaFor Respondent: Dr. P. K. Srihari, CIT DR
Section 143(3)Section 92C

transfer pricing.” 27. As the issue is squarely covered in favour of the assessee by the decision of Co-ordinate Bench in assessee’s own case (supra) in I.T.A. No. 612/Kol/2017 for ay 2012-13, and there is no change in facts and law and the revenue is unable to produce any material to controvert the above said findings

ZYDUS HEALTHCARE LTD,GANGTOK vs. ACIT, CIR. 3(2), GANGTOK

In the result, the appeal of the assessee is allowed

ITA 139/KOL/2021[2014-15]Status: DisposedITAT Kolkata20 Feb 2023AY 2014-15

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawali.T.A. No. 139/Kol/2021 Assessment Year: 2014-2015 Zydus Healhcare Limited,……..................Appellant (Successor To Zydus Healthcare Sikkim), 4Th Floor, ‘D’ Wing, Zudus Corporate Park, Scheme No. 63, Survey No. 536, Khoraj (Gandhinagar), Nr. Vaishnodevi Circle, Ahmedabad, Gandhinagar, Gujrat-382481 [Pan: Aaacg1895Q] -Vs.- Assistant Commissioner Of Income Tax,....Respondent Circle-3(2), Gangtok, Sikkim-737101 Appearances By: Shri Ajit Kumar Jain, Ca & Sonal Pandey, A.R., Appeared On Behalf Of The Assessee Shri G. Hukugha Sema, Cit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : January 18, 2023 Date Of Pronouncing The Order : February 20, 2023 O R D E R

Section 143(3)Section 144CSection 153Section 156Section 271Section 271(1)(c)Section 274

Transfer Pricing Officer (TPO) to determine the arm's length price of international transactions undertaken by the assessee. The TPO vide order passed under section 92CA(3) of the Act dated 24.01.2014 applied CUP method and determined the arm's length price of international transactions of payment of service fees at Nil as against Rs.3,45,55,434/- determined

IVL DHUNSERI PETROCHEM INDUSTRIES PRIVATE LIMITED,KOLKATA vs. D.C.I.T., CIRCLE - 11(1), KOLKATA, KOLKATA

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

ITA 1712/KOL/2024[2020-2021]Status: DisposedITAT Kolkata24 Apr 2025AY 2020-2021

Bench: Shri Rajesh Kumar & Shri Pradip Kumar Choubeyआयकर अपील सं/Ita No.1712/Kol/2024 (नििाारण वर्ा / Assessment Year : 2020-2021) Ivl Dhunseri Petrochem Vs Dcit, Circle-11(1), Kolkata Industries Pvt. Ltd. Dhunseri House, 4A Woodburn Park, L.R.Sarani, West Bengal-700020 Pan No. :Aafcd 5214 M (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) नििााररती की ओर से /Assessee By : Shri Akkal Dudhewala, Ca & Vidhi Ladia, Ca राजस्व की ओर से /Revenue By : Pradip Kumar Mondal, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 19/03/2025 घोषणा की तारीख/Date Of Pronouncement : 23/04/2025 आदेश / O R D E R Rajesh Kumar, Am : This Is An Appeal Filed By The Assessee Against The Order Dated 26/07/2024, Passed By The Assessment Unit, National Faceless Assessment Centre U/S.143(3) R.W.S.144C(13) R.W.S.144B Of The Act, For The Assessment Year 2020-2021 On The Following Grounds :- 1.(A) For That On The Facts & In The Circumstances Of The Case & In Law, The Tpo Erred In Making A Downward Adjustment Of Rs.24,72,79,392/- In Respect Of The Transfer Value Of Power By The Captive Power Plant At Haldia, West Bengal. (B) For That On The Facts & In The Circumstances Of The Case & In Law, The Methodology Followed By The Assessee To Benchmark The Arm'S Length Value Of The Power Transferred By The Eligible Unit To The Non-Eligible Unit Fulfilled The Internal Cup Parameters & In That View Of The Matter The Transfer Pricing Adjustment Made By The Tpo Was Impermissible On The Given Facts & In Law. (C) For That On The Facts & In The Circumstances Of The Case & In Law, The Manner In Which The Drp/Tpo Has Benchmarked

For Appellant: Shri Akkal Dudhewala, CA and VidhiFor Respondent: Pradip Kumar Mondal, CIT-DR
Section 115Section 143(3)Section 234ASection 270ASection 80ISection 92C

234A of the Act was unjustified and deserves to be deleted. 4. For that on the facts and in the circumstances of the case and in law, the JAO erred in not granting credit for advance tax of Rs. 17,40,00,000/-, TDS of Rs.1,47,89,550/- and TCS of Rs. 1,93,442/- while computing

GRAPHITE INDIA LTD.,KOLKATA vs. DCIT, CIRCLE 11, KOLKATA, KOLKATA

In the result, the appeal of the assessee is treated as allowed as indicated above and the appeal of the Revenue is dismissed

ITA 398/KOL/2008[2000-01]Status: DisposedITAT Kolkata08 Jan 2016AY 2000-01

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

Section 143(3)Section 147Section 148Section 8Section 80HSection 80I

Price" of power adopted by the appellant for computation of deduction u/s. 80-IA in respect of power generating unit was in accordance with the provisions of section 80-IA(8) of the Income Tax Act, 1961. 3(a) That on the facts and in the circumstances of .the case, Ld. CIT(Appeals) erred in confirming further allocation of interest

PHILIPS INDIA LIMITED (EARLIER KNOWN AS PHILIPS ELECTRONICS INDIA LIMITED),KOLKATA vs. ACIT, CIRCLE - 12(2), , KOLKATA

In the result, appeal of the assessee is partly allowed

ITA 218/KOL/2019[2010-11]Status: DisposedITAT Kolkata27 Mar 2023AY 2010-11

Bench: Shri Rajpal Yadav & Shri Girish Agrawalassessment Year: 2010-11

For Appellant: Shri P. J. Pardiwalla & Shri Ketan Ved, ARFor Respondent: Shri G. Hukugha Sema, CIT
Section 143(3)Section 144CSection 144C(5)Section 234ASection 92

234A of Rs.9,10,881/-. 3 Philips India Ltd. AY 2010-11 4. Brief facts are that assessee is a part of the Royal Philips organisation, headquartered in Netherlands. The ultimate parent company of the group is Koninklijke Philips NV. Royal Philips Electronics of the Netherlands is a diversified Health and well-being company. Philips India Ltd. i.e. the assessee

TATA CONSUMER PRODUCTS LIMITED (SUCCESSOR OF TATA COFFEE LTD.),KOLKATA vs. A.C.I.T., CIRCLE - 4(1), KOLKATA

Appeal of the assessee is partly allowed

ITA 2636/KOL/2024[2021-2022]Status: DisposedITAT Kolkata27 Oct 2025AY 2021-2022

Bench: SHRI GEORGE MATHAN, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

Section 143(3)Section 144Section 144BSection 144C(5)Section 153Section 438Section 43BSection 80MSection 928Section 92B

Transfer Pricing Officer (Ld. TPO)/ Learned Dispute Resolution Panel ('Ld. DRP") grossly erred in making an adjustment of INR 2,00,21,945 to the income of the Appellant on account of corporate guarantee fee. 3.1 That on the facts and circumstances of the case and in law, the Ld. TPO/ Ld. DRP erred in not appreciating the fact that

HITT HOLLAND INSTITUTE OF TRAFFIC TECHNOLOGY B. V. vs. DDIT, INTERNATIONAL TAXATION 1(1), KOLKATA, KOLKATA

In the result, appeal of the Assessee is partly allowed

ITA 574/KOL/2014[2010-2011]Status: DisposedITAT Kolkata08 Feb 2017AY 2010-2011

Bench: Hon’Ble Sri N.V.Vasudevan, Jm & Dr.Arjun Lal Saini, Am] I.T.A No. 574/Kol/2014 Assessment Year : 2010-11 Hitt Holland Institute Of Traffic -Vs.- D.D.I.T. (Intl.T)-1, Technology B.V., Kolkata Kolkata. [Pan : Aabch 5694 R] (Respondent) (Appellant) For The Appellant : Shri S.K.Agarwal, Ar For The Respondent : Shri.G.Mallikarjuna, Cit(Dr) Date Of Hearing : 02.02.2017. Date Of Pronouncement : 08.02.2017. Order Per N.V.Vasudevan, Jm

For Appellant: Shri S.K.Agarwal, ARFor Respondent: Shri.G.Mallikarjuna, CIT(DR)
Section 143(3)Section 144C(13)

prices in Euros is Ex-works, New Delhi is firm and fixed.” Annexure-I to the purchase order is given as Annexure-2 to this order. During the previous year the Assessee received Euros 2,74,165 or Rs.1,63,48,474 for supply of hardware and other services. The invoice raised by the Assessee on AAI dated

DCIT, CIR-2(1), KOLKATA, KOLKATA vs. M/S OUTOTEC GMBH, KOLKATA

In the result, the appeal filed by the Revenue ( in ITA No

ITA 193/KOL/2016[2012-2013]Status: DisposedITAT Kolkata08 Sept 2017AY 2012-2013

Bench: Shri N. C. Vasudevan, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.160/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 Outotec Gmbh Vs. D.C.I.T., International C/O Outotec India Private Ltd., Taxation-2(1), Kolkata 12Th Floor, South City Pinnacle, Plot- Aayakar Bhawan Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. Poorva,110 Shanti Pally, Kolkata-700107 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Assessee) .. (Respondent/Department) आयकर अपील सं./Ita No.193/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 D.C.I.T., International Vs. Outotec Gmbh Taxation-2(1), Kolkata Aayakar Bhawan Poorva,110 C/O Outotec India Private Ltd., Shanti Pally, Kolkata-700107 12Th Floor, South City Pinnacle, Plot-Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Department) .. (Respondent/Assessee) Department By : Shri G. Mallikarjuna, Cit Dr. Assessee By : Subhabrata Mukherjee, Ar & Soumyadip Roy Choudhury, Ar सुनवाई क" तारीख / Date Of Hearing : 10/07/2017 घोषणा क" तारीख/Date Of Pronouncement : 08/09/2017

For Appellant: Subhabrata Mukherjee, AR &For Respondent: Shri G. Mallikarjuna, CIT DR
Section 143(2)Section 143(3)Section 144CSection 209Section 234ASection 234B

234A and 234B of the Act, which is consequential in nature and AO will re- compute the same accordingly, therefore, it does not require adjudication. 9. Ground No. 6 and 7 raised by the assessee relates to penalty proceedings under section 271 (1) ( C ) of the Act, which is consequential in nature and therefore, it does not require adjudication. 10.Now

OUTOTEC GMBH,KOLKATA vs. THE DCIT, IT - 2(1), KOLKATA, KOLKATA

In the result, the appeal filed by the Revenue ( in ITA No

ITA 160/KOL/2016[2012-2013]Status: DisposedITAT Kolkata08 Sept 2017AY 2012-2013

Bench: Shri N. C. Vasudevan, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.160/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 Outotec Gmbh Vs. D.C.I.T., International C/O Outotec India Private Ltd., Taxation-2(1), Kolkata 12Th Floor, South City Pinnacle, Plot- Aayakar Bhawan Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. Poorva,110 Shanti Pally, Kolkata-700107 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Assessee) .. (Respondent/Department) आयकर अपील सं./Ita No.193/Kol/2016 (िनधा"रण वष" / Assessment Year: 2012-13 D.C.I.T., International Vs. Outotec Gmbh Taxation-2(1), Kolkata Aayakar Bhawan Poorva,110 C/O Outotec India Private Ltd., Shanti Pally, Kolkata-700107 12Th Floor, South City Pinnacle, Plot-Xi, Block-Ep, Sector-V, Salt Lake, Kolkata – 700 091. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaaco 8228 K (Appellant/Department) .. (Respondent/Assessee) Department By : Shri G. Mallikarjuna, Cit Dr. Assessee By : Subhabrata Mukherjee, Ar & Soumyadip Roy Choudhury, Ar सुनवाई क" तारीख / Date Of Hearing : 10/07/2017 घोषणा क" तारीख/Date Of Pronouncement : 08/09/2017

For Appellant: Subhabrata Mukherjee, AR &For Respondent: Shri G. Mallikarjuna, CIT DR
Section 143(2)Section 143(3)Section 144CSection 209Section 234ASection 234B

234A and 234B of the Act, which is consequential in nature and AO will re- compute the same accordingly, therefore, it does not require adjudication. 9. Ground No. 6 and 7 raised by the assessee relates to penalty proceedings under section 271 (1) ( C ) of the Act, which is consequential in nature and therefore, it does not require adjudication. 10.Now

PRADEEP KUMAR SONTHALIA,KOLKATA vs. D.C.I.T.,CC-1(4), KOLKATA

In the result appeal of the assessee is dismissed”

ITA 1209/KOL/2019[2010-11]Status: DisposedITAT Kolkata12 Oct 2022AY 2010-11

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawal

Section 234ASection 53ASection 54

234A and 234B and/or the calculation of tax and interest thereon is incorrect. 3. In response to the notice of hearing, no one has come present on behalf of the assessee. Therefore, we proceed ex-parte against the assessee. 4. The assessee has claimed exemption under section 54 and 54F of the Income Tax Act. Such exemption has been denied

MAHENDRA KUMAR BAID,KOLKATA vs. ACIT CIRCLE 35, KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 1237/KOL/2017[2014-15]Status: DisposedITAT Kolkata18 Aug 2017AY 2014-15

Bench: Hon’Ble Shri A.T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 1236/Kol/2017 Assessment Year : 2014-15 Manish Kumar Baid -Vs- Acit, Cir-35, Kolkata [Pan: Ahmpb 3024 E] (Appellant) (Respondent) I.T.A No. 1237/Kol/2017 Assessment Year : 2014-15 Mahendra Kumar Baid -Vs- Acit, Cir-35, Kolkata [Pan: Aejpb 7691 C] (Appellant) (Respondent)

For Appellant: Shri A.K. Tibrewal, FCAFor Respondent: Shri Sallong Yaden, Addl. CIT
Section 10(38)Section 143(3)Section 14ASection 234ASection 68Section 69C

234A, 234B and 234C of the Act. 3. The brief facts of the first issue as has been recorded by the ld AO in the Assessment Order are that the assessee claimed long term capital gains from transactions in shares of Kailash Auto Finance Limited (KAFL). The ld AO found that the assessee, on 20.12.2011, purchased 240000 shares

MANISH KUMAR BAID,KOLKATA vs. ACIT CIRCLE 35, KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 1236/KOL/2017[2014-15]Status: DisposedITAT Kolkata18 Aug 2017AY 2014-15

Bench: Hon’Ble Shri A.T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 1236/Kol/2017 Assessment Year : 2014-15 Manish Kumar Baid -Vs- Acit, Cir-35, Kolkata [Pan: Ahmpb 3024 E] (Appellant) (Respondent) I.T.A No. 1237/Kol/2017 Assessment Year : 2014-15 Mahendra Kumar Baid -Vs- Acit, Cir-35, Kolkata [Pan: Aejpb 7691 C] (Appellant) (Respondent)

For Appellant: Shri A.K. Tibrewal, FCAFor Respondent: Shri Sallong Yaden, Addl. CIT
Section 10(38)Section 143(3)Section 14ASection 234ASection 68Section 69C

234A, 234B and 234C of the Act. 3. The brief facts of the first issue as has been recorded by the ld AO in the Assessment Order are that the assessee claimed long term capital gains from transactions in shares of Kailash Auto Finance Limited (KAFL). The ld AO found that the assessee, on 20.12.2011, purchased 240000 shares

HARI RAM AGARWAL ,KOLKATA vs. ITO, WARD - 22(4) , KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2363/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri Aby. T. Varkey & Shri M. Balaganeshi.T.A. No.2363/Kol/2018 (Assessment Year 2014-15) Hari Ram Agarwal Ito, Ward-22(4), Kolkata. -Vs- [Pan :Acdpa 1946 N]

Section 10(38)Section 133(6)Section 143(3)Section 234ASection 68

234A, 234B and 234C of the Act. 3. The brief facts of this issue are that the assessee claimed long term capital gains from transactions in shares of Kailash Auto Finance Limited (KAFL). The assessee on 1.3.2012 purchased 50000 shares of the face value of Rs.1 each in Careful Projects Advisory Limited (CPAL) through off market from M/s. Needful Vincom