ITAT deletes TP Adjustment as TPO adopts Wrong GP Margin of Comparable Company

B. Braun Medical (India) Private Limited Vs DCIT (ITAT Mumbai) ITAT deletes Transfer Pricing (TP) Adjustment as TPO adopts Wrong Gross Profit (GP) Margin of Comparable Company The assessee raised an additional ground before the Ld. DRP stating that the gross profit margin of ADS Diagnostics Ltd., had been wrongly worked out by the Ld. TPO. The assessee submitted that the gross profit margin of ADS Diagnostics has been taken by considering erroneous value of closing stock of inventories without considering amount of diminution in the value of closing stock of inventories. The assessee requested...