Working Capital TP Adjustment Deleted for Debt-Free Coca-Cola Entity: ITAT Delhi

DCIT Vs Coca Cola India Inc. (ITAT Delhi) Transfer Pricing Adjustment Deleted for Debt-Free Entity; Revenue Appeal Partly Allowed: ITAT Delhi The Revenue appealed against the order of the Commissioner of Income-tax (Appeals) for Assessment Year 2002-03, while the assessee filed cross objections supporting the appellate order. The assessee, a branch office in India of a foreign company, provided consultancy and support services to its Associated Enterprises (AEs), charging a 5% mark-up on specified costs while recovering certain third-party expenses on a reimbursement basis without any mark-up....