Determination of ALP- TNM Method requires comparison of net profit margins and not operating margins of enterprises

 ITAT MUMBAI BENCH `L’ MUMBAI,

IN THE CASE OF: ACIT Vs. Wockhardt Ltd.,

APPEAL NO: ITA No. 3556/Mum/ 2007,

DECIDED ON July 9, 2010

ORDER

PER R S PADVEKAR:

In this appeal, the revenue has challenged the impugned order of the ld CIT (A), Central-III, Mumbai for the assessment year 2004-5 dated 7.2.2007.

Please become a Premium member. If you are already a Premium member, login here to access the full content.