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Income Tax - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

TP Adjustment - Arm's Length Price (ALP) adjustment - The gross ...


Assessee's Gross Margins Exceed Comparables; No ALP Adjustment Needed for Finished Goods Imports per TPO Selection.

February 26, 2022

Case Laws     Income Tax     AT

TP Adjustment - Arm's Length Price (ALP) adjustment - The gross margins of assessee are much more than the gross margins of comparable companies chosen by the ld. TPO. Hence no adjustment to ALP is to be made in respect of import of finished goods even if the comparable companies chosen by the ld. TPO are upheld. - AT

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