ITAT directs Re-adjudication on Transfer Pricing Adjustments against Reckitt Benckiser by Treating allocated Expenses as NIL [Read Order]

ITAT - Re-adjudication - Transfer Pricing Adjustments - Reckitt Benckiser -taxscan

The Kolkata bench of the Income Tax Appellate tribunal held that as no method has been applied by the  TPO or  DRP to bench-mark these transactions, the issue be remitted back to TPO. Reckitt Benckiser (India) Limited or ‘RBIL’ or ‘the company’ is a subsidiary of Reckitt Benckiser Plc., UK. RBIL is engaged in the…

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