https://www.taxtmi.com/caselaws?id=312810 The ITAT Delhi deleted the transfer pricing adjustment made by tax authorities regarding intra-group services. The assessee provided substantial evidence demonstrating actual receipt of intra-group services under a composite agreement. While authorities had partially allowed some services and disallowed others from the same agreement, the ITAT found this inconsistent. Following established precedent where similar TP adjustments were deleted in previous years and Revenue's appeals were dismissed by the HC, the ITAT upheld the assessee's position and completely removed the TP adjustment. en-us Tue, 06 Jun 2023 00:00:00 +0530 Mon, 18 Mar 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312810 The ITAT Delhi deleted the transfer pricing adjustment made by tax authorities regarding intra-group services. The assessee provided substantial evidence demonstrating actual receipt of intra-group services under a composite agreement. While authorities had partially allowed some services and disallowed others from the same agreement, the ITAT found this inconsistent. Following established precedent where similar TP adjustments were deleted in previous years and Revenue's appeals were dismissed by the HC, the ITAT upheld the assessee's position and completely removed the TP adjustment. Case-Laws Income Tax Tue, 06 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312810