Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]
The ITAT observed that the assessee has followed the ‘other method’ that is, interest saving approach and, therefore, there was no need to provide comparables.
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals) which validated the Transfer Pricing ( TP ) report by holding that rejecting the TP analysis without giving any specific reason is invalid. Shri Niraj Sheth appeared for the appellant and Shri Samuel…
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