TP provisions couldn't be applied if a transaction was declared as sham transaction: Delhi ITAT

IT/ILT : If a transaction itself is not genuine, there can be no question of applying transfer pricing provisions to it; in an eventuality of a supposed genuine transaction turning out to be non-genuine, deduction which would have been otherwise allowed in case of a genuine international transaction, are denied

from www.taxmann.com Latest Case Laws https://ift.tt/2JjJryK