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2018 (4) TMI 1816 - ITAT MUMBAITP Adjustment - international transaction - TPO worked out Transfer Pricing adjustment at nil by applying the difference in PLI to the value of international transaction alone - HELD THAT:- As relying on TARA JEWELS EXPORTS PVT. LTD [2015 (12) TMI 1130 - BOMBAY HIGH COURT] Adjustment to the transfer price should be restricted to the value of international transaction i.e. transactions entered into by the assessee with its AEs and not in relation to the transactions entered into by the assessee with third parties. Accordingly, we confirm the order of CIT(A) and this issue of Revenue's appeal is dismissed
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