Cost Allocation and Transfer Pricing – ITAT Bangalore Ruling

Advocate Amardeep Soni & Advocate Harsha Soni Gemplus India Pvt. Ltd. Vs ACIT (ITAT Bangalore) A Case Study of ITAT BANGALORE BENCH ‘A’ Gemplus India (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle-11(4), Bangalore [2010] 3 taxmann.com 755 (Bangalore – Trib.) Abstract: The practice of cost allocation and transfer pricing is integral to multinational corporations (MNCs) to ensure compliance with tax laws while maintaining operational efficiency. This research paper delves into the nuances of cost allocation and transfer pricing with a detailed focus on a landmar...