Thursday 20 August 2015

ITAT rejects comparables due to huge turnover and high related party transactions

IT/ILT : Where TPO made addition to assessee's ALP in respect of rendering software development services to its AE, since some comparables selected by TPO developed their own software products and thus there existed functional difference where some other comparables were found inappropriate on account of huge turnover and high RPT, impugned addition was to be set aside

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