Thursday, September 19, 2019

No ALP adjustment if margin on cost of goods sold to unrelated party was less than net margin on sale to AE

TRANSFER PRICING: Where assessee entered into a transaction of sale of cookies manufactured by it in India to its foreign AE and unrelated parties, margins on cost of goods sold to unrelated parties being less than net margins on sale to AE, transactions with AE was to be regarded as at arm's length

from www.taxmann.com Latest Case Laws https://ift.tt/32Ny8ny

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...