Case Law Details
Case Name : DCIT Vs. Indo American Jewellery (ITAT Mumbai)
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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DCIT Vs. Indo American Jewellery (ITAT Mumbai):- Assessee’s TP study cannot be rejected lightly, “com parables” have to be comparable on all parameters, no incentive to shift profits offshore if tax rates there are higher
The assessee, engaged in the business of manufacture and export of plain and studded jewellery of gold, platinum etc, entered into international transactions with four AEs. The assessee adopted the Transactional Net Margin Method (“TNNM”) and argued that the transactions were at a
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