Intas Pharmaceuticals Ltd. v. ACIT (2024)114 ITR 546 (Ahd)(Trib)

S. 92CA : Transfer pricing Reference to Transfer Pricing Officer-Arm’s Length price-Avoidance of tax-Working capital adjustment-Wide variation-Matter remanded for fresh examination.

Held that the working capital adjustment given by the assessee while fixing the sale price, which had an impact on the outstanding trade receivables and profitability, appeared to be not verified by the Transfer Pricing Officer.  Hence, the matter was remanded back to the Transfer Pricing Officer for re adjudication.   (AY.2012-13)

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