Judgements by Poojitha Raam

Can an international transaction applied at Transactional Net Margin Method be considered at arm's length?

Poojitha Raam 07 August 2021 at 09:42

The assessee, a resident company, is engaged in the business of shipping agency. For the assessment year under dispute, assessee filed its return of income on 30.11.2011 declaring total income of Rs.4,58,57,900/-.

Posted in Income Tax | 133 Views

In case of disputed purchases, only profit element embedded in the value of such disputed purchases shall be brought to tax

Poojitha Raam 07 August 2021 at 09:42

This appeal in ITA No.40/Mum/2020 for A.Y.2007-08 arises out of the order by the ld. Commissioner of Income Tax (Appeals)-30, Mumbai in appeal No.CIT(A)-30/19(1)(2)/13153/2015-16 dated 26/09/2016 (ld. CIT(A) in short) against the order of assessme

Posted in Income Tax | 188 Views