https://www.taxtmi.com/caselaws?id=310603 ITAT Delhi ruled on multiple transfer pricing and tax issues. The tribunal directed TPO to use TNMM at entity level for benchmarking international transactions, following precedent from assessee's previous year case. Regarding service tax on rent expenses, AO must verify actual payments made and allow claims per law, considering landlord's liability for service tax collection was disputed. For service tax disallowance as prior period expenses, AO directed to verify actual amounts paid and allow accordingly. TDS credit denial was remanded for verification of customer deductions reflected in Form 26AS. Working capital adjustment was granted following previous year's precedent, subject to necessary data provision by assessee. en-us Wed, 11 Jul 2018 00:00:00 +0530 Thu, 02 Nov 2023 19:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310603 ITAT Delhi ruled on multiple transfer pricing and tax issues. The tribunal directed TPO to use TNMM at entity level for benchmarking international transactions, following precedent from assessee's previous year case. Regarding service tax on rent expenses, AO must verify actual payments made and allow claims per law, considering landlord's liability for service tax collection was disputed. For service tax disallowance as prior period expenses, AO directed to verify actual amounts paid and allow accordingly. TDS credit denial was remanded for verification of customer deductions reflected in Form 26AS. Working capital adjustment was granted following previous year's precedent, subject to necessary data provision by assessee. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310603