Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
ITAT adjudicated transfer pricing dispute involving Integrated Global Services (IGS) provided by Associated Enterprises. After comprehensive review of cost benefit analysis and documentary evidence across finance, accounting, HR, marketing, and technical service segments, the tribunal examined administrative support services. Referencing precedent in Corteva Agriscience case, the tribunal comprehensively evaluated service pricing methodology. Ultimately, the tribunal ruled in favor of the assessee, directing complete deletion of transfer pricing adjustment for administrative support services, thereby validating the company's transfer pricing approach and rejecting revenue's proposed additional tax assessment.
ITAT adjudicated transfer pricing dispute involving Integrated Global Services (IGS) provided by Associated Enterprises. After comprehensive review of cost benefit analysis and documentary evidence across finance, accounting, HR, marketing, and technical service segments, the tribunal examined administrative support services. Referencing precedent in Corteva Agriscience case, the tribunal comprehensively evaluated service pricing methodology. Ultimately, the tribunal ruled in favor of the assessee, directing complete deletion of transfer pricing adjustment for administrative support services, thereby validating the company's transfer pricing approach and rejecting revenue's proposed additional tax assessment.
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