Friday, August 16, 2019

ITAT slams AO for computing ALP of international transaction on adhoc basis

TRANSFER PRICING: Where assessee-advertising agency availed different intra-group services from its foreign AEs, ALP cannot be determined by TPO in respect of said services on adhoc/estimation basis without applying any method prescribed under section 92C(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2z435qY

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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