Friday 23 May 2014

ITAT granted stay on tax demand as variation in Arm’s Length Price of international transaction was

IT/ILT : Where during pendency of appellate proceedings, assessee filed instant application seeking stay of tax demand, in view of fact that difference in arm's length margin was only 3.98 per cent and, moreover, total turnover from AE constituted only 39.13 per cent of total revenue of assessee, in interest of justice stay of demand was to be granted to assessee for a period of six months


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