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ITAT deletes ALP adjustment as it falls within tolerance band of +/- 5%
Case Law Details
- Case Name
- STEAG Energy Services Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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STEAG Energy Services Vs ACIT (ITAT Delhi)
In the case of STEAG Energy Services vs. ACIT (ITAT Delhi), the Income Tax Appellate Tribunal (ITAT) made a significant ruling related to the Arm’s Length Price (ALP) adjustment under the Income Tax Act, 1961. This article provides a detailed analysis of the case and the implications of the ITAT’s decision.
Detailed Analysis: The appeal in question, ITA No. 835/Del/2016, pertains to the assessment year 2011-12. It arises from the order of the Assessing Officer (AO) dated December 31, 2015, passed under Section 143(3) read with Section 144C...
