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2016 (12) TMI 1822 - HC - Income TaxTP Adjustment - Tribunal restricting the adjustment only on International Transactions where the assessee has selected TNMM and applied the same on entity level - HELD THAT:- Transfer Pricing Adjustment has to be done only in respect of the transaction entered into with the Associated Enterprises and not in respect of all transactions of the entity. See The Commissioner of Income Tax1, Mumbai v/s. Hindustan Unilever Ltd. [2016 (7) TMI 1245 - BOMBAY HIGH COURT] AND CIT v/s. Alstom Projects India Ltd [2016 (12) TMI 1408 - BOMBAY HIGH COURT] Delhi High Court has also in CIT v/s. Keihin Panalfa Ltd [2016 (5) TMI 203 - DELHI HIGH COURT] has also independently taken the same view. - Decided against revenue
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