TP – ALP needs to be seen only with regard to transaction with AEs

IN THE ITAT MUMBAI BENCH ‘K’ Ratilal Becharlal & Sons Versus Joint Commissioner of Income-tax, Range – 18(3) IT APPEAL NO. 7876 (MUM.) OF 2011 Assessment Year 2007-08 Date of Pronouncement – November 7, 2012 ORDER Per Bench The present appeal preferred by the assessee, is directed against the final impugned assessment order dated 21st October 2011, which has been passed in pursuance of the directions given by the Dispute Resolution Panel-II (for short “DRP”) under section 144C(5) of the Income Tax Act, 1961 (for short “the ActR...