Tuesday, 2 September 2014

TPO couldn’t compute ALP of indenting business on basis of profit earned from non-AE in trading busi

IT/ILT: Where assessee, a wholly owned subsidiary of foreign company, carried out indenting and trading transactions in India on its own, action of TPO in determining ALP in respect of indenting business by applying profit percentage earned by assessee from non-AE transactions under 'Trading business' segment could not be upheld


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