This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Comparability for determining ALP lost as only comparable chosen by DRP fails
Case Law Details
- Case Name
- Tata Chemicals Ltd Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Tata Chemicals Ltd Vs DCIT (ITAT Mumbai)
ITAT Mumbai held that once only comparable as chosen by DRP fails, then same loses the comparability for determining the ALP. Accordingly, the price on which eligible unit is selling the power, which is the price available in the open market, and also the same manufacturing unit is purchasing it from GEB at the same price, then it can be said to be the market value of the price.
Facts-
The present appeal has been filed by the assessee against final assessment order passed u/s. 143 (3) r.w.s. 144C (13) for the A.Y. 2017-18, in pursuance of direction give...
Author Info
