March 06, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has reiterated that for transfer pricing analysis under the Transactional Net Margin Method (TNMM), only companies that are functionally comparable to the tested party can be Read more…
Tag: Section 37(1) Income Tax Act
ITAT Mumbai, December 24, 2025 : The Mumbai Bench of the Income Tax Appellate Tribunal has struck down a reassessment that resulted in an addition of ₹2.70 crore against Kalpataru Projects International Ltd, holding that purchases cannot be branded as Read more…