RPM most appropriate method for computing ALP of transaction wherein the taxpayer involved in purchase & resale of finished goods

ITAT acknowledged the fact that the Resale Price Method (RPM) is one of the standard methods in case of distribution and marketing activities i.e. when goods are purchased from Associated Enterprises (AEs) and sold to unrelated parties.

INCOME TAX APPELLATE TRIBUNAL,MUMBAI

ITA No. 5423/Mum/2009 – Assessment Year: 2003-04

I.T.O. Vs. L’oreal India P. Ltd.

Date of pronouncement: 25.04.2012

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