Wednesday 25 June 2014

AO can’t act in violation of directions of DRP that TP additions had not to exceed global profit of

IT/ILT: Every direction issued by DRP shall be binding on Assessing Officer, thus, where Assessing Officer had failed to take into consideration directions of DRP that TP adjustments shall not exceed global profits earned by assessee-company, matter was to be remitted to file of Assessing Officer to recompute Transfer Pricing Adjustment, duly complying with directions of DRP


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