Monday, 13 May 2013

Since TP adjustments travelled beyond transactions with AE, ITAT granted stay of demand

IT/ILT : Where transfer pricing adjustment in case of assessee was made with respect to entire average capital employed in business whereas, adjustment as per law, was required to be made only with respect to transaction with AE, a prima facie case for stay of demand was made out till disposal of assessee's appeal before Tribunal


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