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TP adjustment matter remanded due to mistake committed in computation of margins of comparables
Case Law Details
- Case Name
- Vermeiren India Rehab Private Limited Vs DCIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-2022
- Courts
- All ITAT, ITAT Hyderabad
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Vermeiren India Rehab Private Limited Vs DCIT (ITAT Hyderabad)
ITAT Hyderabad held that matter of TP adjustment of purchase of raw materials, assembling parts and sale of goods, and interest on trade receivables is remanded back since there are clear mistakes in computation of margins of comparables.
Facts- During the course of assessment, TPO after considering the submissions of the assessee company, computed the TP adjustment on international transactions of the assessee company at Rs.1,95,55,466/- u/sec.92CA of the Act by making adjustments on account of purchase of raw material and assemb...
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