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CUP method cannot be applied if strict comparability is not possible
Case Law Details
- Case Name
- Lenovo (India) Pvt. Ltd. Vs The DCIT (ITAT Banagalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Bangalore
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Lenovo (India) Pvt. Ltd. Vs DCIT (ITAT Banagalore)
Ld. TPO thus applied the TNMM as the MAM and determined ALP which resulted in adjustment of Rs. 10,19,77,372/- to the Manufacturing Segment.
The assessee filed objection before the DRP agains the proposed adjustment. However the DRP upheld the order of Ld. TPO by observing that in CUP method, strict comparability is required and such comparability is not possible in the case of the assessee. The DRP also upheld application of TNMM as MAM and methodology adopted to determine ALP under the TNMM by the TPO.
On receipt of the DR...
