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3 results for “transfer pricing”+ Addition to Incomeclear

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Key Topics

Section 1432Section 112Penalty2

THE PR. COMMISSIONER OF INCOME TAX GURGAON vs. M/S EQUANT SOLUTIONS INDIA PVT LTD

Appeals stand disposed of in the above terms

ITA/419/2016HC Punjab & Haryana30 Oct 2019

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

Income Tax Act, 1961 (for short the 'Act') on 9th January, 2014 accepting TNMM as the most appropriate method, however, the Transfer Pricing Officer chose certain comparables for IT services and ITES services with a mean “OP/TC” of 25.17 of IT services and 30.45% for IT enabled services and proposed transfer pricing adjustments at Rs.23,57,03,932/-. The draft

CIT-I CHANDIGARH vs. M/S PB.INFO&COMM. TECH. CORP. LTD. CHD.

The appeals are dismissed

ITA/398/2009HC Punjab & Haryana18 Jan 2023

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

Section 143Section 271

additions as made by the assessing officer were not in accordance with method of accounting followed by the assessee which was consistent and the amount of MANJU 2023.03.16 11:10 I attest to the accuracy and authenticity of this order / judgment Chandigarh Income Tax Appeal No.398 of 2009 (O&M) and other connected appeals -6- 2023:PHHC:037968-DB expenditure

M/S PUNJAB INSTITUTE OF MEDICAL SCIENCES, GARHA ROAD , JALANDHAR vs. COMMISSIONER OF INCOME TAX JALANDHAR AND ANR

ITA/271/2014HC Punjab & Haryana04 Dec 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

Section 11

Income Tax Act, 1961 (for short, ‘the Act’) and cancelled the registration granted to the assessee-society under Section 12A of the Act holding that it was not working for the objects for which it was created. The registration was cancelled with effect from 2004-2005. 3. The assessee-society filed an appeal against the said order stating that