ALP of slump sale to be determined using valuation report, failing which IT WDV can be considered as a reasonable method

Advertisement ALP of slump sale to be determined using valuation report, failing which IT WDV can be considered as a reasonable methodology Intel Asia Electronics Inc., India Branch Office vs ADIT (Bangalore) (ITA No. 131 of 2010) Background :- The assessee is a foreign company, having a branch office as well as a subsidiary in India.  The assessee decided to close down its branch office and transfer all its assets and liabilities as a going concern to its subsidiary. The assessee adopted CUP method to determine the ALP for transfer of such business and obtained a valuation report from ...