Thursday 11 June 2015

Co. whose nature of services wasn't clear in its annual report couldn't be chosen as comparable

IT/ILT : Where TPO made addition to assessee's ALP in respect of rendering software development services to its AE, in view of fact that one comparable selected by TPO earned abnormal profits and, moreover, exact nature of services rendered by it was not available on record, impugned addition was to be set aside

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