Loss making companies cannot be rejected as comparables simplicitor on ground of losses but can be excluded on other comparability aspects

Yum Restaurants India Pvt. Ltd. v. ACIT (ITAT Delhi) –Since the taxpayer had applied filters in its TP report to reject persistent loss makers, the Tribunal questioned the basis of the taxpayer’s contention that other loss making comparables should not be rejected. Merely because a comp

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