Interest u/s 234A and 234B of the Income Tax Act

Last updated: 09 June 2021
Quick Summary
This ruling from the Income Tax Appellate Tribunal addresses an appeal by M/s SMR Automotive Systems India Ltd. concerning assessment year 2013-14. The primary dispute revolves around transfer pricing adjustments made by the Assessing Officer (AO) and Transfer Pricing Officer (TPO), which significantly increased the assessee's income. The assessee challenges the AO's assessment and the TPO's determination of arm's length price, arguing that their own economic analysis was wrongly rejected and that the conditions for disregarding their pricing were not met.

Court :
ITAT Delhi

Brief :
With this appeal the assessee has challenged the validity of the order dated 28.09.2017 passed u/s 143(3) read with section 144C of the Act.

Citation :
I.T.A No.6614/Del/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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