Channel Owner Companies not Comparable Due to Functional Differences: ITAT Delhi

Turner International India Pvt. Ltd. Vs ACIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, allowed the appeal of the assessee for Assessment Year 2013-14 in a transfer pricing dispute relating to its distribution segment and adjustment on account of interest on receivables from Associated Enterprises (AEs). The assessee, engaged in distribution of foreign-owned television networks, media products, television programmes, and production-related support services in India, challenged transfer pricing adjustments made by the Assessing Officer (AO), Transfer Pricing Officer (TPO), an...