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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

TP - The transfer pricing report furnished by the assessee is ...


Assessee's Transfer Pricing Report Rejected for Non-Compliance; Incorrect Profit Split Method Application and Lack of Benchmarking Noted.

April 18, 2014

Case Laws     Income Tax     AT

TP - The transfer pricing report furnished by the assessee is not in accordance with rules prescribed in this regard - The PSM has not been correctly applied as per law - No bench marking has been done – thus, it cannot be approved - the most appropriate method in this type of function/transaction would be profit split method only - AT

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