Dismissing the appeal of the revenue the Court held that the determination of the arm’s length price should be restricted to the international transactions of the assessee with its associated enterprise. (AY.2008 -09)
CIT v. Phoenix Mecano (India) Pvt. Ltd. (2019) 414 ITR 704 / 265 Taxman 354 (Bom.)(HC) Editorial : SLP of revenue is dismissed CIT v. Phoenix Mecano (India) Pvt. Ltd (2018) 402 ITR 32 (ST).
S. 92 : Transfer pricing-Arm’s length price-Arm’s Length Price to be restricted to transaction of assessee with associated enterprise.[S. 92C]