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2018 (4) TMI 30 - AT - Income TaxTPA - Comparable selection criteria - Held that:- Assessee is engaged in providing business support services and IT-enabled services to its associate enterprises (AEs), thus companies functionally dissimlar with that of assessee need to be deselected from final list. Working capital adjustment - Held that:- We find that the DRP has given clear direction on this issue to grant working capital adjustment on the basis of OECD guidelines. Being so, the Assessing Officer is directed to compute the same accordingly. Hence this ground of appeal of the assessee is allowed. Risk adjustment - Held that:- As AR was not able to show the exact nature of the risk undertaken by the assessee and its effect on the profitability of the assessee. Accordingly, this ground of appeal is rejected.
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