https://www.taxtmi.com/caselaws?id=770058 The ITAT Delhi dismissed the assessee's appeal regarding transfer pricing adjustments. The TPO treated provision for doubtful debts and bank charges as non-operating items while determining operating profits of both the tested party and comparables. Based on the TPO's analysis, the AO determined the arm's length price of international transactions to be higher than the assessee's determination, resulting in income addition. The tribunal found no grounds to interfere with these conclusions, noting insufficient evidence to support the assessee's contrary position or challenge the disallowances. en-us Wed, 02 Apr 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770058 The ITAT Delhi dismissed the assessee's appeal regarding transfer pricing adjustments. The TPO treated provision for doubtful debts and bank charges as non-operating items while determining operating profits of both the tested party and comparables. Based on the TPO's analysis, the AO determined the arm's length price of international transactions to be higher than the assessee's determination, resulting in income addition. The tribunal found no grounds to interfere with these conclusions, noting insufficient evidence to support the assessee's contrary position or challenge the disallowances. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770058