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HomeDirect TaxAO Can’t Disallow Intra-Group Service Expenses U/s 37 Once Transaction Is Covered...

AO Can’t Disallow Intra-Group Service Expenses U/s 37 Once Transaction Is Covered Under APA: ITAT

Direct Tax

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By Mariya Paliwala
AO Can’t Disallow Intra-Group Service Expenses U/s 37 Once Transaction Is Covered Under APA: ITAT

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The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Ericsson India Pvt. Ltd., holding that once an international transaction and its components are covered under an Advance Pricing Agreement (APA), the Assessing Officer cannot subsequently disallow the same expenditure under Section 37(1) of the Income Tax Act on the…

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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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