ITAT rejects low turnover and segmented results as comparables
May 04, 2011
Sophie Ashley - TPW
Taxpayers can no longer use companies with segmental results, or those with a comparatively low turnover, as a comparable for benchmarking purposes under transfer pricing provisions in India.
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of the transfer pricing officer’s (TPO) assessment of DHL Express, a courier and shipping company.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.