year 2006, which is engaged in the business of freight
forwarding services, logistics and distribution services. The assessee is wholly held
subsidiary of CCH Robinson ... adjustment on international Rs.6,14,87,286/-
transaction relating to Freight forwarding
income
Downward adjustment with regard to Rs.7,27,51,576/-
Corporate
year 2006, which is engaged in the business of freight
forwarding services, logistics and distribution services. The assessee is wholly held
subsidiary of CCH Robinson ... adjustment on international Rs.6,14,87,286/-
transaction relating to Freight forwarding
income
Downward adjustment with regard to Rs.7,27,51,576/-
Corporate
year 2006, which is engaged in the business of freight
forwarding services, logistics and distribution services. The assessee is wholly held
subsidiary of CCH Robinson ... adjustment on international Rs.6,14,87,286/-
transaction relating to Freight forwarding
income
Downward adjustment with regard to Rs.7,27,51,576/-
Corporate
Acit Central Circle 2(4), Chennai vs Kerry Indev Logistics Pvt. Ltd., ... on 5 July
submitted that from the nature of services rendered by the freight
forwarders as mentioned in the Agency Agreement, the services are not just
pertaining ... order to
identify the potential shippers or consignees, the non-resident freight
forwarders have to necessarily carry out extension marketing and advertising
activities such
void.
:- 2 -: I.T.A.No.2067/10
Transfer pricing matters - Freight Forwarding Segment
2. The learned TPO has erred in law and in facts ... length nature of international transactions under the
Freight Forwarding Segment.
7. file learned TPO and the learned AO have erred, in law and in facts
Coastal Cargo, Air Cargo, Transport & Clearing &
Forwarding Container and Freight Forwarding. In the assessment made ... Income Tax (Appeals) failed to appreciate that
appellant being a freight forwarder other related charges paid by the
appellant (on behalf of the exporters
clients.
2. The assessee company is engaged in the business of
freight forwarding. It returned a total income ... that air cargo/sea cargo handling expenses were set off from
air freight/sea freight receipts. However, the expenses were
not fully supported by proper
circular NO.715 also clarified that payment to clearing and forwarding agents
for carriage of goods is subject to deduction of tax at source ... respect of the
payments made to an agent outside India for freight forwarding functions on
the same logic.
12. On the facts of the case
case are that the assessee is engaged in
the business of freight forwarding, logistic and distribution
services filed its return of income for the assessment
