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Income Tax - Highlights / Catch Notes

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TP adjustment - The issue of related party transactions in ...

Income Tax

August 7, 2023

TP adjustment - The issue of related party transactions in customs data would equally apply to any other public data as well. In the absence of complete details of the differences arising out of contract terms and product quality, the customs data being Govt, notified would provide a reasonable basis for arriving at the uncontrolled transaction price. - AT

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