SLP admitted against TP addition which was made on basis of cost-plus mark-up on FOB value of goods

IT/ILT: SLP granted against order of High Court where it was held that in absence of any material on record showing that assessee bore significant risks and enjoyed some locational advantages, revenue authorities were not justified in making addition to assessee's ALP by applying cost plus markup of 5 per cent on FOB value of goods exported to AE located abroad