Monday, 21 July 2014

ITAT lays down litmus test to determine ‘closely linked’ transactions for TP purposes and for their

IT/ILT : When the transactions are influenced by each other, particularly in determining the price/profit involved in the transactions then those transactions would be regarded as 'closely linked' transactions - Held, Yes – Transactions of hiring of equipment to be used for execution of a project to be clubbed only to the extent of number of transactions with each AE – Held, Yes


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