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Delhi HC: TNMM Suitable Method for Indenting-Transactions ALP
Case Law Details
- Case Name
- CIT Vs Sumitomo Corporation India Pvt. Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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CIT Vs Sumitomo Corporation India Pvt Ltd (Delhi High Court)
In the case of CIT vs. Sumitomo Corporation India Pvt Ltd, the Delhi High Court examined the suitable method for determining the Arm’s Length Price (ALP) for international transactions concerning indenting-transactions. The court dismissed the appeal for Assessment Years 2012-13 and 2013-14 and upheld the Transaction Net Margin Method (TNMM) as appropriate for the case.
The appeal revolved around the commission earned by Sumitomo Corporation India Pvt Ltd in indenting transactions with its Associated Enterprise...
