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RPM is most appropriate for Benchmarking Imported Men’s Wear Resale Transactions
Case Law Details
- Case Name
- Celio Future Fashion Pvt. Ltd. Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
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Celio Future Fashion Pvt. Ltd. Vs ACIT (ITAT Mumbai)
ITAT Mumbai held that Retail Sale Price Method (RPM) is the most appropriate method for benchmarking the international transaction of ‘import of men’s wear for resale’ between Celio Future Fashion Pvt. Ltd. and its associated enterprises.
Facts- The assessee is a company engaged in the business of trading in ready-made garments and accessories under the name and style of “Celio”. For the year under consideration, the return filed by the assessee was selected for scrutiny under CASS and statutory notices u/s. 143(2)...
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