Relief to Bloomsbury Publishing in Transfer Pricing Case

Bloomsbury Publishing India Private Ltd. Vs ACIT (ITAT Delhi)

Relief to Bloomsbury Publishing as matter regarding Transfer Pricing and Corporate Tax was redirected to AO/TPO to verify additional evidences

Conclusion: Matter regarding discrepancies in transfer pricing and corporate tax of UK-origin publishing giant Bloomsbury Publishing India Private Ltd. ( Bloomsbury ) was remitted back to AO/TPO to benchmark the international transactions based on the additional evidences brought on record by assessee to render a decision right in law.

Held:

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