Thursday 12 September 2013

NP margin of assessee can be adjusted to ease comparison with uncontrolled entities; future profits

IT/ILT : In terms of sub-clause (i) of rule 10B(1)(e) of 1962 Rules, net profit margin of tested party [i.e. assessee] drawn from its financial accounts can be suitably adjusted to facilitate its comparison with other uncontrolled entities/transactions


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