Tuesday 25 February 2014

ITAT sets aside order of TPO as it made huge additions in rectification proceedings without assignin

IT/ILT : Where in transfer pricing proceedings, TPO computed working capital adjustment by taking figure of trade receivables at 'nil' which was subsequently enhanced to a very high positive figure in rectification proceedings without assigning any reason, said rectification order of TPO was to be set aside and matter was to be remanded back for disposal afresh


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