No Transfer Pricing adjustments can be made if actual transaction price is within safe harbour limit of +/- 5%

ITAT MUMBAI BENCH ‘K’ Additional Director of Income-tax (IT) 3(2) versus Ballast Nedam Dredging B. RAMAKOTAIAH, ACCOUNTANT MEMBER AND VIVEK VARMA, JUDICIAL MEMBER IT APPEAL NOS. 6531 (MUM.) OF 2006 AND 1591 (MUM.) OF 2008 C.O. No. 81 (Mum.) of 2007 [ASSESSMENT YEARS 2002-03 & 2003-04] JANUARY 31, 2013 ORDER Per Bench The appeals are preferred by the Revenue against the orders of the CIT(A)-31 Mumbai dated 18.08.2006 and 31.12.07 for the AYs 2002-03 and 2003-04. Assessee preferred the cross objection against the order for AY 2002-03. As common issues are involve...