https://www.taxtmi.com/caselaws?id=450592 ITAT Delhi allowed the assessee's appeal regarding TP adjustment on international transactions for receipt of intra-group services from Associated Enterprises. The Tribunal found issues were consistently decided in assessee's favor across eight assessment years (2007-10 to 2016-17). Despite voluminous evidence provided, lower authorities incorrectly held no evidence was filed. The Tribunal emphasized services were integral to business operations and necessary for conducting business in India. SC dismissed Revenue's Special Leave Petition for assessment year 2009-10, supporting the favorable precedent for the assessee. en-us Mon, 04 Mar 2024 00:00:00 +0530 Thu, 07 Mar 2024 23:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450592 ITAT Delhi allowed the assessee's appeal regarding TP adjustment on international transactions for receipt of intra-group services from Associated Enterprises. The Tribunal found issues were consistently decided in assessee's favor across eight assessment years (2007-10 to 2016-17). Despite voluminous evidence provided, lower authorities incorrectly held no evidence was filed. The Tribunal emphasized services were integral to business operations and necessary for conducting business in India. SC dismissed Revenue's Special Leave Petition for assessment year 2009-10, supporting the favorable precedent for the assessee. Case-Laws Income Tax Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450592