ITAT Mumbai Quashes ₹4,445 Crore Transfer Pricing Adjustment on Netflix India
Citation : 2025 Local Law (IU) 683 The Income Tax Appellate Tribunal (ITAT) Mumbai has set aside a massive ₹4,445 crore transfer pricing adjustment imposed on Netflix Entertainment Services India LLP for the assessment year 2021–22. The Tribunal, led by Judicial Member Amit Shukla, ruled that Netflix India functions merely as a limited-risk distributor of…