No transfer pricing applicable to income from operation carried out through qualifying ships taxed under TTS: ITAT [Read Order]

No transfer- pricing applicable- income - operation carried - qualifying ships- taxed under TTS-ITAT-TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that no transfer pricing applicable to income from operation carried out through qualifying ships taxed under Tonnage Tax Scheme(TTS). Assessee,  Van Oord India Private Limited is a wholly owned subsidiary of Van Oord Dredging and Marine Contractors BV, a company registered in the Netherlands. The assessee…

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