This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Benefit of working capital adjustment not considered while computing ALP: Matter restored
Case Law Details
- Case Name
- Schneider Electric India Private Limited Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Schneider Electric India Private Limited Vs ACIT (ITAT Delhi)
ITAT Delhi held that the benefit of working capital adjustment while computing the ALP has also not been borne in mind hence matter restored to the file of TPO/ AO for fresh determination in accordance with law.
Facts- Appellant was primarily engaged in the manufacturing of low voltage and medium voltage equipment and distribution of electrical equipment and also provided e content e catalogue IPO services, contract R&D support services and business support services to its AEs.
TPO proposed to consider the aggre...
Author Info
