https://www.taxtmi.com/caselaws?id=779716 ITAT Mumbai (AT) held that the assessee acted as agent of its associated enterprise (principal), with documentation and telex charges shared equally and 50% reimbursed to the principal. Amounts received were in agency capacity and only half the charges were credited in the books, with no separate debits for reimbursed expenses. Relying on SC authority on principal-agent treatment, the tribunal found no room for ALP adjustment, dismissed the revenue's grounds, and upheld the impugned appellate order. en-us Wed, 22 Jan 2025 00:00:00 +0530 Wed, 08 Oct 2025 13:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779716 ITAT Mumbai (AT) held that the assessee acted as agent of its associated enterprise (principal), with documentation and telex charges shared equally and 50% reimbursed to the principal. Amounts received were in agency capacity and only half the charges were credited in the books, with no separate debits for reimbursed expenses. Relying on SC authority on principal-agent treatment, the tribunal found no room for ALP adjustment, dismissed the revenue's grounds, and upheld the impugned appellate order. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779716