ITAT deletes Adjustment on Account of Arm’s Length Pricing of Export Commission Payment against Honda Subsidy [Read Order]

ITAT directed the transfer pricing officer/assessing officer to delete the adjustment on account of the arm’s-length price of the export commission payment of ₹ 495,348,444/–
By Aiswarya Krishnadas - On May 1, 2024 1:00 pm - 2 mins read
Export Commission Payment - Honda - Honda Subsidy - Export commission pricing - Honda Motor - taxscan

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the adjustment regarding the arm’s length pricing of export commission payment against Honda subsidy. The assessee was a resident corporate entity and a subsidiary of Honda Motor Co. Ltd., Japan. As stated, the assessee is engaged in the business of manufacture and…

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