Allowing the appeal of the assessee the Court held that the entities having high brand value and, therefore, being able to command greater profits could not be selected as comparables. Order of Tribunal is set aside.(AY. 2010-11)
Cadence Design Systems (India) v DCIT (2025) 302 Taxman 59 (Delhi) (HC)
S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Comparable-Brand value-Entities having high brand value and, therefore, being able to command greater profits could not be selected as comparables-Order of Tribunal is set aside.[S. 260A]
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