Sunday 28 September 2014

DRP rightly ordered exclusion of comparables as they had related party transactions exceeding 25%, s

IT/ILT : Where in course of determination of ALP in respect of non-banking investment advisory services rendered by assessee to its AE, DRP directed exclusion of three comparables having related party transactions in excess of 25 per cent, in view of order passed by coordinate Bench of Tribunal in case of Willis Processing Services (I) (P.) Ltd. v. Dy. CIT [2013] 57 SOT 339/30 taxmann.com 350 (Mum.) impugned finding recorded by DRP did not require any interference


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