ALP Cannot Be Determined at Nil Without Comparable Analysis: ITAT Ahmedabad

Styrenix Performace Materials Ltd. Vs ACIT (ITAT Ahmedabad) ITAT deletes transfer pricing adjustment relating to intra-group services by following its earlier decisions Facts: The present appeal was filed by Styrenix Performance Materials Ltd. (formerly known as INEOS Styrolution India Limited) against the order dated 09.2024 passed by the Dispute Resolution Panel-2, Mumbai for Assessment Year 2021-22. The assessee is engaged in the business of manufacturing, trading and sale of engineering thermoplastics and is one of the leading producers of ABS and SAN products in India. It forms part of ...