Documents not available in public domain at the time of assessment and first appeal that are essential for determining arm’s length price can be admitted for consideration

Documents not available in public domain at the time of assessment and first appeal that are essential for determining arm’s length price can be admitted for consideration Brief:- Income Tax Appellate Tribunal (“The Tribunal”), Delhi Bench recently pronounced its ruling in the case of ACIT Vs. M/s NIT Limited (Appeal no. -2011-TII-1 6-I TA T-DEL-TP or ITA No. 1844 & 1871/Del./2009)  on various transfer pricing issues. The most important issue dealt by the Tribunal was in respect of details submitted before the Tribunal that were not available in the public domain at the time of asse...