The Bombay High Court has held that no disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 can be made merely on account of short deduction of tax at source and reiterated that a corporate guarantee commission rate of 0.5% is justified for loans availed by associated enterprises. A Division Bench comprising Justice B.P….
ITAT Grants Reckitt Relief in Marketing Intangibles Transfer Pricing Dispute The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) on 14 May 2026 ruled in favour of Reckitt Benckiser Healthcare India Pvt. Ltd., holding that higher Advertising, Marketing, and Promotion (AMP) expenditure by an Indian subsidiary cannot automatically be treated as creation of a…
ITAT Rules in Favor of MakeMyTrip: AMP Expenses Held as Revenue Expenditure, No TDS on Payment Gateway Charges The Income Tax Appellate Tribunal (ITAT), adjudicated a series of appeals involving M/s. Make My Trip (India) Pvt. Ltd. for multiple assessment years, primarily focusing on Assessment Year 2009-10. The Revenue challenged the deletion of significant additions…
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