Failure of Comparable as chosen by DRP, then same Loses Comparability for determining ALP: ITAT rules in favour of Tata Chemicals [Read Orer]

Failure - Comparable - DRP, - Loses Comparability - determining ALP-ITAT - Tata Chemicals-TAXSCAN

In a major relief to M/s. Tata Chemicals Ltd, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that on failure of comparable as chosen by the Dispute Resolution Panel (DRP), then same loses comparability for determining the arms length price (ALP). The appeal has been filed by the assessee against final assessment…

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