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Case Law Details

Case Name : Rallis India Ltd. Vs ACIT (ITAT Mumbai)
Related Assessment Year : 2020-21
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Rallis India Ltd. Vs ACIT (ITAT Mumbai)

Transfer Price/ALP of goods sold through AE to third party was allowed to be determined basis ‘Other method’ instead of CUP used by TPO/AO

Recently the Mumbai ITAT in the case of Rallis India Ltd. v. ACIT Mumbai (ITAT Order dated 13-12-2024), granted big relief to the Tata Group entity, Rallis India Ltd. The tribunal dealt with the issues of Transfer Pricing (TP) adjustments, disallowance of expenses under Section 14A, denial of deductions under Section 35(2AB), MAT credit mismatch, and interest levies.

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I am Delhi Delhi-based advocate specializing in tax litigation and advisory, especially to corporates. I represent taxpayers at all tax tribunals and High Courts. we also undertake advisory in Mergers and Acquisitions matters. My contact details are vgrmc2018@gmail.com. 9811728992. View Full Profile

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