Tested Party Selection in TP Study & Interest on Receivables Restored to AO/TPO

Andante Foods LLP Vs DCIT (ITAT Bangalore) Bangalore Tribunal considered important issues on selection of tested party & benchmarking of international transactions under transfer pricing provisions. Assessee, Andante Foods LLP, is engaged in food processing & nutraceutical products, & operates through a Belgium-based subsidiary that acted as its sales agent. International transactions included sale of processed foods of ₹11.78 crore, commission payments of ₹4.88 crore, purchase of packing materials, rent for machinery, & compensation for damaged goods. In its TP study, Asse...