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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Attribution of profits out of the sales made by the head office ...


India Branch's 20% Gross Profit Rate Unjustified; TPO Accepts Head Office's 8.81% Rate as Reasonable.

October 22, 2015

Case Laws     Income Tax     AT

Attribution of profits out of the sales made by the head office - the TPO has accepted the gross profit rate declared at 8.81%. In such a situation, acceptance of gross profit attribution of India Branch @ 20% does not inbspire confidence. - AT

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