Monday 10 March 2014

Current year’s data preferred over multiple year’s data to fix ALP unless it shows distorted view of

IT/ILT: In order to determine ALP, comparability of an uncontrolled and unrelated transaction with international transaction has to be decided by using current year data and it is only when current year data does not give a true picture of affairs and results of comparables due to existence of abnormal circumstances, multiyear data can be considered


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