Commission by Jetair Pvt. Ltd. to Jet Airways (India): TP Provisiosns not apply

DCIT Vs Jetair Private Limited (ITAT Mumbai) ITAT Mumbai held that addition towards lower commission charged by Jetair Pvt. Ltd. to Jet Airways (India) Ltd. on account of Online Reservation Commission by applying arm’s length price not sustained as the transaction was neither international transaction nor a specified domestic transaction and hence transfer pricing (TP) provisions doesn’t apply. Facts- Assessee Company is engaged in business as General Sales Agent for international and domestic airlines offering marketing, sales and accounting services. A survey u/s. 133A was conducted in ...