Thursday 18 June 2015

Sales of 'Coil' and 'liquid repellants' are closely linked transactions; should be clubbed together

IT/ILT : Where assessee sold various insecticide products such as coil, liquid repellants, etc., to its AEs in various countries, since all products fell in category of insecticides and were used as supplementary to each other, all insecticide products sold by assessee to its AE in each country would be clubbed and aggregated together for purpose of determining arm's length price of said transaction

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