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Transfer Pricing Provision- Mere geographical contiguity of two countries need not mean similarity in economic or market conditions
Case Law Details
- Case Name
- Intervet India Pvt. Ltd. Vs. ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
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CASE LAWS DETAILS
DECIDED BY: ITAT, MUMBAI BENCH `L’, MUMBAI,
IN THE CASE OF: Intervet India Pvt. Ltd. Vs. ACIT, APPEAL NO: ITA No. 2845/Mum/2006, DECIDED ON : March 31, 2010
RELEVANT PARAGRAPH
We heard both Parties. From the submissions made by the assessee the economic and market conditions of Thailand and Vietnam are totally different. The Ld. CIT (A) has held that both the countries are located in Far East Asia and have similar demo graphical constitution. Therefore in the circumstances, where the product in the transaction is similar and location of the concerned p...
