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Transfer Pricing Adjustment Overturned Due to Improper Comparable Selection

Case Law Details

Case Name : FIL India Business & Research Services Pvt. Ltd. Vs Assessment Unit (ITAT Delhi)
Related Assessment Year : 2020-21
Courts : All ITAT ITAT Delhi
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FIL India Business & Research Services Pvt. Ltd. Vs Assessment Unit (ITAT Delhi)

TP Comparable Fails Its Own Turnover Filter: ITAT Delhi Orders Fresh ALP Re-Work & Deletes PF Disallowance

FIL India Business & Research Services Pvt Ltd, engaged in software development, IT-enabled services & research support services, filed appeal against the final assessment order u/s 143(3) r.w.s. 144C(13). The DRP had upheld major Transfer Pricing adjustments & certain corporate tax additions.

Transfer Pricing – Comparable Rejected

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Author Bio

Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 4088
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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