TNMM is most appropriate method in absence of CUP which is applicable in intangibles

Menzies Bobba Ground Handling Services Private Limited Vs DCIT (ITAT Hyderabad)

ITAT Hyderabad held that Transactional Net Margin Method (TNMM) was the most appropriate method in the absence of a Comparable Uncontrolled Price (CUP) which is applicable to the payment of technical service fee which is in nature of intangibles.

Facts- The assessee is in the business of providing ground handling services in the nature of ticketing, checking, load control, messaging and standar

Please become a Premium member. If you are already a Premium member, login here to access the full content.