This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Adjustment for variation in closing stock necessary for correct application of TNMM
Case Law Details
- Case Name
- ACIT Vs M/s Rahman Industries Ltd. (ITAT Lucknow)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08 & 2008-09
- Courts
- All ITAT, ITAT Lucknow
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Brief of the case:
ITAT Licknow in the case of ACIT vs. M/s Rahman Industries Ltd. held that
Adjustment for variation in closing stock is necessary for the correct computation of Operating cost thereby correct application of Transaction Net Margin Method (TNMM).
Resale price method for computing ALP cannot be used in case of exporters
Facts of the case:
The assessee company has entered some international transactions for the relevant AY. The AO referred those cases to Transfer Pricing Officer(TPO) to ascertain whe...
Author Info
