Matter restored back as AO determined in breach of instructions no. 15/2015

Jay Chemical Industries Ltd. Vs DCIT/ACIT (ITAT Ahmedabad)

Facts- Primarily three issues involved in these cross appeals are –

(i) relating to transfer pricing adjustment made on account of determination of Arm’s Length Price of the reimbursement made by the assessee to its Associate Enterprise (AE) in lieu of cost sharing agreement entered into with it

(ii) disallowance of commission expenses

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