Wednesday 7 October 2015

Working capital adjustment to be made in comparables when assessee has better working capital positi

IT/ILT : Where assessee was providing services to its associated enterprises on 10 per cent mark-up on cost and working capital position of assessee was better in comparison to comparable companies, working capital adjustment was to be made in hands of comparables to bring same to level of assessee, while benchmarking international transactions entered into by assessee

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