Appeal dismissed: petitioner denied ITC for electricity used in township maintenance as residential supply; Explanation 1(d) prospective under s.2(17)...
Registration under section 12AA granted where substantive charitable objects for ex-servicemen, incidental commercial activity permitted and profits a...
Page of 4826
Press 'Enter' after typing page number.
9921 to 9940 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT allowed the appeal and set aside the orders of the lower authorities, directing the AO to delete the impugned addition arising from a downward TP adjustment in respect of global account management charges (GAM). The Tribunal held that the appellant reasonably quantified benefit from services rendered by its associated enterprise and that aggregation and application of TNMM to the GAM charges was appropriate; the TPO erred in excluding GAM for separate benchmarking. On the facts, the GAM payments were inextricably linked to the appellant's core business and could not be segregated for independent benchmarking, resulting in a decision in favour of the appellant.
ITAT allowed the appeal and set aside the orders of the lower authorities, directing the AO to delete the impugned addition arising from a downward TP adjustment in respect of global account management charges (GAM). The Tribunal held that the appellant reasonably quantified benefit from services rendered by its associated enterprise and that aggregation and application of TNMM to the GAM charges was appropriate; the TPO erred in excluding GAM for separate benchmarking. On the facts, the GAM payments were inextricably linked to the appellant's core business and could not be segregated for independent benchmarking, resulting in a decision in favour of the appellant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
