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Income Tax - Highlights / Catch Notes

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Determination of arm's length price (ALP) - rate of commission ...

Income Tax

December 17, 2013

Determination of arm's length price (ALP) - rate of commission charged by the assessee from its AEs - It is the assessee who has to substantiate that the price charged is at ALP and not vice versa. The assessee has to face the music if it fails to prove so. - AT

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