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Colgate Palmolive (India) Faces Rs 170 Crore Transfer Pricing Order from Income Tax Authorities for International Transactions Leading oral care products manufacturer, Colgate-Palmolive (India), has been issued a Transfer Pricing Order of Rs 170 crore by the Income Tax authorities. This order per
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FAQ :
Colgate Palmolive (India) has been issued a Transfer Pricing Order of Rs 170 crore.
The order pertains to certain international transactions conducted by the company during the financial year 2021-22, where the Assessing Authority disallowed specific transactions.
Colgate Palmolive (India) has assured that the Transfer Pricing Order will not have any adverse effects on the company's financial, operational, or other activities.
The company has announced its intent to challenge the order and will submit its case before the Dispute Resolution Panel (DRP) for further review.
Transfer Pricing involves the pricing of cross-border transactions between affiliated entities.
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