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Income Tax - Highlights / Catch Notes

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Tribunal was wrong in holding that if one profit level indicator ...


Tribunal Error: Misunderstanding Arm's Length Price When Comparable Entity's Profit Level Indicator Is Lower Than Taxpayer's.

May 2, 2013

Case Laws     Income Tax     HC

Tribunal was wrong in holding that if one profit level indicator of a comparable, out of a set of comparables, is lower than the profit level indicator taxpayer, then the transaction reported by the taxpayer is at an arm’s length price.- HC

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