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Income Tax - Highlights / Catch Notes

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TP Adjustment - comparable selection - ALP which is worked out ...


ITAT Upholds 5% Tolerance in Transfer Pricing, Confirms ALP for IT and ITES Segments Needs No Adjustments.

February 10, 2024

Case Laws     Income Tax     AT

TP Adjustment - comparable selection - ALP which is worked out after applying the 5% range - Application of Tolerance Range - The ITAT found that the CIT(A) correctly applied the tolerance range, showing that the assessee's prices for ITES and IT segments were within the permissible limits, negating the need for any transfer pricing adjustments.

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