Wednesday, 21 August 2013

TNMM : Term 'related party transaction' means transactions affecting profitability of related partie

IT/ILT : In context of TNMM, where underlying object is to ascertain profitability from international transactions at arm's length with a suitable base and question is of determining comparability of a case, term 'related party transactions' cannot be considered in its generic sense rather it will encompass only such transactions between related parties which directly affect overall profitability in one way or other


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