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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Transfer pricing adjustments - Reduction in amount of ...


Tax Authority Validates Cash Profit/Operating Cost as Profit Level Indicator, Leading to Depreciation Adjustment Reversal.

January 2, 2014

Case Laws     Income Tax     AT

Transfer pricing adjustments - Reduction in amount of Depreciation - CIT(A) was justified in applying Cash profit/Operating cost as the correct PLI under Transactional Net Margin Method and resultantly deleting the addition - AT

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