Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]

Determination of ALP - Professional Fee - AO - TPO - ITAT - Addition - transfer pricing adjustment - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the determination of Arms Length Price (ALP) of professional fee should not be carried out by the Assessing Officer (AO) in a case where the reference made to the Transfer Pricing Officer (TPO).  DAM Capital Advisors Limited, the appellant assessee was a company…

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