Assessee is engaged in manufacture and sale of lube additives. Tribunal upheld transfer pricing adjustment made by TPO since assessee was not able to establish that cost of transportation in comparable case was lesser than assessee. Order of Tribunal is affirmed. (AY. 2009 10 , 2010-11)
Indian Additives Ltd. v. DCIT (2019) 265 Taxman 383 (Mad.) (HC)
S. 92C : Transfer pricing–Transportation cost-Not able to establish that cost of transportation in comparable case was lesser than assessee-Adjustment is held to be valid. [S. 260A]