Transfer Pricing
Latest news, explainers and analysis on Transfer Pricing. Tracking 2 stories on Arth Vani.
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Latest on Transfer Pricing
BreakingITAT Chennai Allows Goodwill Depreciation & Deletes CCD Interest Transfer Pricing Adjustment for Stahl India
The Income Tax Appellate Tribunal (ITAT) Chennai has issued a significant ruling in favor of Stahl India, allowing the company to claim tax depreciation on goodwill acquired through a slump sale. Additionally, the tribunal set aside a transfer pricing adjustment related to interest paid on Compulsorily Convertible Debentures (CCDs). This decision offers crucial clarity on two complex areas of corporate tax law.
ITAT Deletes ₹1.13 Crore Tax Adjustment Citing Inconsistent Depreciation Treatment
The Income Tax Appellate Tribunal (ITAT) has cancelled a significant ₹1.13 crore transfer pricing adjustment against a taxpayer. The tribunal's decision highlighted an inconsistent approach by tax authorities regarding depreciation treatment, which led to the deletion of the demand.
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