Sunday, 19 October 2014

ITAT directs AO to re-examine ALP as assessee had filed annual reports of comparables rejected by TP

IT/ILT: Where TPO rejected comparables given by assessee on ground that annual report of those companies were not available, however, assessee filed financial summaries of those 9 companies and annual reports in case of 7 companies out of 9 companies, matter required readjudication


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