Sunday, 15 June 2014

ITAT partially deleted TP adjustment after considering certain discounting factors adopted by assess

IT/ILT : Where in course of transfer pricing proceedings, assessee determined ALP by reducing gross margin ratio on cost of production after loading discounting factors such as technology transfer, project management cost etc., in view of fact that some of those factors were relevant, partial relief was to be granted to assessee by accepting factors pointed out at a specified percentage in return of income


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