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HomeDirect TaxITAT Deletes Rs. 38.20 Crore Transfer Pricing Adjustment Against Boeing India Defence...

ITAT Deletes Rs. 38.20 Crore Transfer Pricing Adjustment Against Boeing India Defence Unit

Direct Tax

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By Mariya Paliwala
ITAT Deletes Rs. 38.20 Crore Transfer Pricing Adjustment Against Boeing India Defence Unit

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The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a transfer pricing adjustment of ₹38.20 crore made against Boeing India Defense Private Limited for Assessment Year 2021-22, holding that the Indian entity functioned merely as a limited-risk service provider coordinating training and technical support services for the Indian Air Force (IAF), while…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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