Tuesday, 18 August 2015

Cos with high related party transactions and extraordinary events can't be selected as comparables

IT/ILT : Where TPO made addition to assessee's ALP is respect of rendering software development services to AE, in view of fact that certain comparables selected by TPO were developing their own software products whereas some other comparables were improper on account of high RPT and happening of extraordinary event like amalgamation, impugned addition was to be set aside

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