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2022 (2) TMI 917 - AT - Income TaxTP Adjustment - Not granting adjustment for working capital and risk differential - HELD THAT:- In the case of Nagravision India Pvt. Ltd., [2020 (7) TMI 330 - ITAT BANGALORE] Tribunal held that the working capital adjustment should be allowed. For holding so, the Tribunal has followed the decision rendered by another Bench in the case of Huawei Technologies (India) Pvt. Ltd.[2018 (10) TMI 1796 - ITAT BANGALORE]. Thus we hold that the AO is not justified in denying the working capital adjustment to the assessee. We accordingly direct the AO to allow the working capital adjustment.
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