ITAT upholds important transfer pricing principles on characterisation and rewards for selling activity

INCOME TAX APPELLATE TRIBUNAL, AHMEDABAD

I.T.A. No. 3120/Ahd/2010 – Assessment Year : 2006- 07

Mastek Limited Vs. The Addl. CIT

Date of Pronouncement : 29/02/2012

ITAT that the taxpayer’s UK subsidiary was not merely undertaking marketing activities. The Tribunal held that the UK subsidiary should be characterized as a distributor on the basis of

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