Addition deleted in respect of TP Adjustment related to Specified Domestic Transactions

DCIT Vs Bhairavanath Sugar Works Ltd. (ITAT Pune)

Conclusion: Reverting to the CUP method applied by assessee as the most appropriate method for benchmarking the SDT of rent payment, assessee had given a comparable instance of rent paid @ Rs.112 per sq.ft. by ICICI bank under a lease agreement dated 17.02.2012 for a nearby premises. As against that, the assessee paid rent @ Rs.75.28 per sq.ft., which showed that the rent paid by assessee was less in comparison with the comparable uncontrolled transaction. T

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