ITAT Resolves Boeing India’s transfer Pricing battle: Clears INR 21,52,899 adjustment on grounds of Operational Inactivity and BCIL Merger [Read Order]

Boeing India Private Limited won an appeal against an income tax assessment, with the tribunal cancelling a proposed adjustment of INR 21,52,899 for interest on outstanding receivables. The tribunal agreed that the adjustment related to a merged entity, not Boeing India Private Limited, preventing double taxation
By Aswathi Ashokan M.V - On February 8, 2024 6:01 pm - 2 mins read
Boeing India - Boeing India Transfer pricing - ITAT - Income Tax - Boeing Corporation India - ITAT on Boeing India - taxscan

In a recent development, Boeing India Private Limited ( BIPL ) successfully resolved a tax dispute, with the Income Tax Appellate Tribunal ( ITAT ) cancelling a hefty INR 21,52,899 adjustment. The dispute revolved around BIPL’s operational status and its merger with Boeing Corporation India Ltd. ( BCIL ). The case, identified as ITA for…

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