In Transfer pricing associated enterprises can be selected as a tested party: Calcutta HC

PCIT Vs ITC Infotech India Limited (Calcutta High Court) In the realm of transfer pricing, where multinational corporations often engage in cross-border transactions with related entities, determining the arm’s length price assumes paramount importance to prevent profit shifting and ensure fair taxation. A recent decision by the Calcutta High Court in the case of PCIT Vs ITC Infotech India Limited sheds light on a crucial aspect of transfer pricing methodology – the selection of the tested party. Let’s delve into the details of the case and the implications of the court’s r...