TP Adjustment - Rejection of Associated Enterprises as the ...

CIT(A) Overrules TPO: Geographical Location Not a Valid Reason to Reject Foreign Associated Enterprises as Tested Party.

January 12, 2023

Case Laws Income Tax AT

TP Adjustment - Rejection of Associated Enterprises as the tested party - foreign Associated Enterprises satisfied all the criteria for being taken as a tested party. TPO merely rejected the same as Associated Enterprises is located in different geographical locations. It a proper justification by the learned Transfer Pricing Officer to reject the foreign Associated Enterprises as a tested party. - CIT(A) order diciding the issue in favor of assessee is affirmed. - AT

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TP Adjustment - Rejection of Associated Enterprises as the ...

CIT(A) Overrules TPO: Geographical Location Not a Valid Reason to Reject Foreign Associated Enterprises as Tested Party.

January 12, 2023

Case Laws Income Tax AT

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