Supreme Court · [2019] 10 S.C.R. 133 · Decided 13 August 2018
The Principal Commissioner of Income TAX-4, Mumbai v. M/S. S.G. Asia Holdings
- Court
- Supreme Court of India
- Citation
- [2019] 10 S.C.R. 133
- Case number
- CIVIL APPEAL No. 6144/2019
- Decided
- 13 August 2018
- Bench
- UDAY UMESH LALIT, VINEET SARAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 92, 143(3)
Headnote
Income Tax Act, 1961: s.92 - Transfer Pricing Adjustment - Respondent received certain amount of brokerage from its parent company - During the assessment proceedings, respondent was directed to furnish details about the parent company and the rate of brokerage - According to the Assessing Officer, the brokerage charged by the respondent was only 0.05% which was found to be at a lower rate as compared to the prevalent rates in market - Assessing Officer, therefore, while computing the assessment made an addition of Rs.2,89,82,746/- under
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