2016 (10) TMI 1311 - SCH - Income Tax

TP Adjustment - addition to the arm s length price of its international transaction pertaining to the import of edible oil from the Assessee s associated enterprise by using the Comparable Uncontrolled Price ( CUP ) method HELD THAT - Learned counsel for the petitioner to get instruction as to whether comparable uncontrolled price method (CUP) is accepted by Transfer Pricing Officer in subsequent assessment years by accepting quotation for benchmarking international transaction. Post after four weeks.

Summary

Title: Supreme Court of India Citation: 2016 (10) TMI 1311 - SC Order
Judges: Mr. Kurian Joseph and Mr. Rohinton Fali Nariman
Petitioner's Counsel: Mr. Atul Yeshwantchitle, Mr. Tara Chand Sharma, Mr. Ritesh Kumar, Ms. Akansha Ghose, Mrs. Anil Katiyar
Respondent's Counsel: Mr. Harpreet Singh Ajmani, Mr. Kishore Kunal
Order: Counsel to confirm if comparable uncontrolled price method (CUP) accepted by Transfer Pricing Officer in subsequent assessment years. Postponed for four weeks.