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Indian Tribunal Rules Transactional Net Margin Method to be Method of Last Resort in Cases of Imperfect Data

|Approved Changes|India
India

In a decision issued 30 October 2015, the Indian Income Tax Appellate Tribunal in Ahmedabad ruled on the most appropriate transfer pricing method to be used in a case where comparable data was limited. The case involved an India glass mosaic products manufacturing company (taxpayer) and the determination of the arm's length price of exports made to its associated enterprises abroad during the 2…

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