SRF Limited vs NeAC, New Delhi
Case No: ITA No.792/DEL/2021
Court: Income Tax Appellate Tribunal, Delhi Bench ‘H’, New Delhi
Date: 3/19/2025
Parties Involved
appellantSRF Limited
respondentNeAC, New Delhi
Facts Summary
This appeal is filed by SRF Limited against the order of the Assessing Officer/National e-Assessment Centre, Delhi dated 30.04.2021 passed under section 143(3) read with section 144C(13) and section 144B of the Income-tax Act, 1961. The appeal pertains to Assessment Year 2016-17 and challenges various transfer pricing adjustments and disallowances made by the Assessing Officer. The appellant claims that the Assessing Officer has erred in law and facts by making transfer pricing adjustments and d…
Decision in favour of
Assessee
Legal Issues
- 1. Adjustment of Rs.16,68,574/- u/s 92CA(3) of the Act on account of allocation of software cost received from its Associated Enterprises.
- 2. Adjustment of Rs.22,20,109/- u/s 92CA(3) of the Act on account of allocation of reimbursement received from its Associated Enterprises.
12 more legal issues analysed in this judgement.
Precedents Relied Upon
12 precedents cited in this judgement.