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2010 (5) TMI 530 - AT - Income Tax
Arm's length price - The assessee justified the transactions under the overall TNM Method - The Assessing Officer thus made an addition of3,39,63,606 on account of disallowance of arms length u/s. 92C(4) of the Act - the submission of the learned counsel for the assessee that the operating profit/sales of the assessee at 3.56% being higher than the industry margin, therefore, The transactions between the assessee and its AEs are at arms length - Appeal is dismissed