Selection of Most Appropriate Method – whether mandatory under transfer pricing regime?

M/s. CLSA India Private Limited Vs DCIT (ITAT Mumbai)

Facts of the case:

The assessee company, i.e. CLSA India Private Limited is a subsidiary of Credit Lyonnais Securities Asia (CLSA) incorporated in Netherlands. The assessee is primarily engaged in the business of equity broking. The assessee’s customers comprise of foreign

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