Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]

MUFG - Bank - Price - method - ALP - International - Transactions - ITAT - TAXSCAN

In the case of MUFG Bank, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Comparable Uncontrolled Price method for ALP bench marking international transactions is not justified. The assessee is a foreign company incorporated under the laws of Japan and is a tax resident of Japan. The assessee operates…

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