Comparables should be selected after detailed analysis and any adjustment to ALP can be made only on the basis of firm calculation and back-up data

Court: Income Tax Appellate Tribunal

Citation: ACIT Vs. Vedaris Technologies (Pvt.) Ltd. [2010-TII-10-ITAT-DEL-TP]

Brief:- Overview:- The Delhi Bench of Income Tax Appellate Tribunal (“the Tribunal”) in its recent ruling in the case of ACIT v. Vedaris Technologies (Pvt.) Ltd [2010-TII-10-ITAT-DEL-TP] has held that selection of comparable uncontrolled transactions (“comparables”) for determining arm’s length price (“ALP”) should be done with reference

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