Thursday 24 September 2015

Revenue consistently adopting TNM method in earlier years couldn't make adjustments using CUP method

IT/ILT : Where TPO made adjustment to assessee's ALP in respect of trading of coffee, cotton etc. with its AEs located abroad by adopting CUP method, in view of fact that revenue had been consistently adopting TNMM, same was to be adopted for assessment year in question

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