TPO cannot reject TP method adopted by assessee on the ground that the comparables are wrongly chosen

TPO cannot reject TP method adopted by assessee on the ground that the comparables are wrongly chosen. Further the ALP has to be determined with respect to an international transaction and not at an entity level

Star Diamond Group Vs. Dy. Director of Income Tax (Mumbai Bench), ITA No: 3923/Mum/2008

Executive Summary

The Mumbai bench of the Income Tax Appellate Tribunal (Tribunal) recently pronounced its ru

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