TPO can take domestic unrelated parties as comparables if Assessee having similar transactions with them

ITAT MUMBAI BENCH ‘L’ Kansai Nerolac Paints Ltd. Versus Deputy Commissioner of Income-tax IT Appeal No. 3858 (Mum.) of 2006 [ASSESSMENT YEAR 2002-03] JANUARY  24, 2013 ORDER P.M. Jagtap, Accountant Member This appeal filed by the assessee is directed against the order of learned CIT(Appeals)-XXVI, Mumbai dated 14-03-2006. 2. The issue raised in ground No. 1 relates to the disallowance of Rs.1,47,422/- out of depreciation and disallowance of Rs. 1,40,479/- out of travelling, repairs, insurance expenses etc. pertaining to Kavesar factory of the assessee as made by...