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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

TP Adjustment - determination of Arms Length Price by TPO - MAM ...

Case Laws     Income Tax

December 28, 2020

TP Adjustment - determination of Arms Length Price by TPO - MAM selection - No tax can be levied without the authority of law as mandated by Article 265 of the Constitution of India. Similarly, the exchequer should not be deprived from its legitimate tax due. In our view, the assessee would not be prejudiced in setting-aside proceeding, if they have merit in their favour. - AT

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