Sunday, 9 November 2014

CIT(A) had to continue adjudication of TP adjustment not related with MAP proceeding initiated with

IT/ILT: Where assessee had withdrawn TP adjustment relating to international transactions with V, USA, taking recourse to MAP under article 27 of Indo US DTAA, whereas balance TP adjustment relating to international transactions with other entities was not withdrawn, Commissioner(Appeals) was to be directed to re-adjudicate TP adjustment on transactions not covered under MAP


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