Monday 28 October 2013

TP adjustment quashed as comparables chosen were improper due to functional differences and higher t

IT/ILT: Where in course of transfer pricing proceedings, TPO made certain adjustment to assessee's ALP, in view of fact that some of comparables selected by TPO were not appropriate on account of functional difference, high turnover, established brand value etc., impugned adjustment was to be set aside and matter was to be remanded back for disposal afresh


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