TPA - reject the 53 comparable entities - scope of adjudication ...

ITAT Orders Fresh Assessment Over Missing Data for 53 Comparables; High Court Dismisses Revenue's Objections as Unfounded.

April 8, 2017

Case Laws Income Tax HC

TPA - reject the 53 comparable entities - scope of adjudication in remand proceedings - The operative part of the ITAT’s direction to carry out the exercise afresh since it did not have the figures relating to the comparables has to be therefore, seen in the context of what was actually done. Therefore, the Revenue’s argument that the TPO/AO could doubt the appropriateness of the comparables used by the assessee is insubstantial and unmerited. - HC

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TPA - reject the 53 comparable entities - scope of adjudication ...

ITAT Orders Fresh Assessment Over Missing Data for 53 Comparables; High Court Dismisses Revenue's Objections as Unfounded.

April 8, 2017

Case Laws Income Tax HC

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