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2015 (9) TMI 438 - AT - Income TaxTransfer pricing adjustment - whether Terex GB Ltd. is not assessee’s Associate Enterprise? - Held that:- The finding given by DRP that the prices and other conditions relating thereto are not influenced either by the assessee or Terex GB Ltd. could not be controverted by the Ld. Departmental Representative. A bare perusal of the various clauses of the distributor agreement shows that both are independent parties. We therefore do not find any infirmity in the order of the DRP holding that Terex GB Ltd. is not assessee’s Associate Enterprise. The Ld. Departmental Representative also could not point out any distinguishable features so as to take a different view than the view taken by the DRP. We accordingly uphold the same. The grounds raised by the Revenue are accordingly dismissed. - Decided against revenue.
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