Thursday, 6 June 2013

Tolerable limit to fix ALP isn’t available if only one comparable is available for TP analysis

IT/ILT : Where there is only one comparable available in respect of international transactions entered into by assessee, it is possible to compute arm's length price on basis of even said comparable but, in such a case, assessee would not be entitled to benefit of 5 per cent range as mentioned in proviso to section 92C(2)


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