Errors in selection of comparables: ITAT Delhi Remits Matter back to TPO/AO

American Express Services India Ltd. Vs DCIT (ITAT Delhi)

The Income Tax Appellate Tribunal (ITAT) in Delhi recently delivered a pivotal decision in the case of American Express Services India Ltd. vs Deputy Commissioner of Income Tax (DCIT), addressing key issues related to transfer pricing adjustments and comparable selections. This case has significant implications for multinational corporations engaged in cross-border transactions and emphasizes the importance of accurate comparable analysis in determining the arm’

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