Latest Income-Tax Details

For Full Access To All Latest Judgments on Income Tax
Click Here To Subscribe Now
Take a tour of our Income-Tax Library

It is now a settled proposition of law that necessary adjustments are to be made to the margins of comparables to give effect to the differences in the working capital positions of the tested party and of the comparables. The TPO ought to have given the assessee the benefit of the same.

Shanti Prime Publication Pvt. Ltd.

Section 92C of the Income-tax Act, 1961—Transfer pricing— Company not selected as comparable as it was functionally incomparable with assessee company - TPO excluded the comparable company on the ground that the company is engaged in significant R&D activity- - BROCADE COMMUNICATIONS SYSTEMS (P.) LTD. V/s DEPUTY CIT - [2020] 26 ITCD Online 135 (ITAT-BANGALORE)

Check Your Tax Knowledge
Youtube
Product Demo
Professional services available
Tax Lok English Viedo
Tax Lok Hindi Viedo

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE

FOR ANY SUPPORT ON GST/INCOME TAX

Do You Want To Take FREE DEMO Of Our GST/Income Tax Library.