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No Basis Of Allocation Or Actual Cost Incurred For Affiliates: ITAT Confirms Additions For Cost Reimbursement As FTS

The Mumbai Bench of Income Tax Appellate Tribunal, while confirming the additions for cost reimbursement as fees for technical services (FTS), noted that the assessee had no basis of allocation or. ....

S Rifaur Rahman , Mumbai Bench , Income Tax Appellate Tribunal , Judicial Member , Accountant Member , Heinz India , For Appellant , Cost Reimbursement ,

ALP Of The ESOP Expenses Cannot Be Taken As 'Nil': ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the arm s-length price (ALP) of the employee stock option plan (ESOP) expenses cannot be taken as ‘Nil’.The bench of Rahul. ....

Ajit Kumar Jain , S Rifaur Rahman , Holdings Inc , Mumbai Bench , Income Tax Appellate Tribunal , Rahul Chaudhary , Judicial Member , Accountant Member , Assessing Officer , Booking Holdings Inc , Employee Stock Option Plans , Financial Year , For Appellant , Ajit Kumar ,

Netflix could move tribunal against Rs 196-crore tax demand

The I-T depatment had contended that Netflix Entertainment Services (India) LLP acted as a dependent agent permanent establishment (DAPE) of Netflix. Total revenue generated by the companys operations between April 2020 and December 2020 was above Rs 1,145 crore. Of this, Rs 1,008 crore was profit, of which attribution to Indian operations was calculated at Rs 503 crore. ....

Resolution Panel , Netflix Entertainment Services India , Dispute Resolution Panel , Netflix Entertainment Services , It Depatment , Google Tax , Ott Market ,