alp

  • Income Tax

No penalty u/s 271G can be levied if no adjustment is made in Arm’s Length Price – ITAT

No penalty u/s 271G if no adjustment made in Arm’s Length Price - ITAT In a recent judgment, the ITAT…

3 months ago
  • Income Tax

CBDT notifies tolerance limit between ALP u/s 92C & actual price for AY 2020-2021 

CBDT notifies tolerance/variation limit between arm's length price u/s 92C and the actual price for international/specified domestic transaction for AY…

4 years ago
  • Income Tax

ALP determined in good faith & with due diligence by assessee not liable to penalty u/s 271(1)(c)

ALP determined in good faith and with due diligence by assessee was not liable to penalty u/s 271(1)(c) ABCAUS Case…

4 years ago
  • Income Tax

Transfer pricing adjustment without TPO reference. AO breached mandatory CBDT Instruction – SC

Transfer pricing adjustment without reference to TPO. Supreme Court upholds that AO breached mandatory Instruction but restored appeal to AO…

5 years ago
  • Income Tax

Arm’s length rate of interest is the rate prevalent in country of AEs not advancing enterprise

Arm’s length rate of interest is the rate prevalent in country of AEs where loan is received/consumed and not the…

5 years ago
  • Income Tax

Permitted ALP variation in wholesale trading-others u/s 92C for AY 2017-18 2018-19

Permitted ALP variation in wholesale trading-others us 92C in international-specified domestic transaction for AY 2017-18 2018-19 MINISTRY OF FINANCE (Department…

7 years ago
  • Income Tax

Arms length price us 92C variation in wholesale trading up to 1% and 3 % in other cases to be deemed ALP for AY 2016-2017- CBDT Notification 57/2016

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th July, 2016 [INCOME TAX] S. O. 2425(E).—In exercise of…

8 years ago