For an asset intensive industry, the appropriate Profit Level Indicator

Court: Mumbai Bench of the Income-tax Appellate Tribunal

Citation: ACIT Vs. Fiat India Pvt. Ltd. [2010-TII-30-ITAT–MUM-TP]

Brief- In a recent ruling in the case of ACIT Vs. Fiat India Pvt. Ltd. [2010-TII-30-ITAT–MUM-TP], the Mumbai Bench of the Income-tax Appellate Tribunal (“the Tribunal”), while deciding the case in favor of the assessee, accepted various adjustments made while determining arm’s length price (“ALP”), as they had been sufficiently explained

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