Withdrawal of Upward Adjustments of Income proposed by TPO: Delhi HC applies Rule of Consistency to adopt TNMM [Read Order]
Delhi HC applies rule of consistency to adopt TNMM in the matter regarding withdrawal of upward adjustments of income proposed by TPO
By Kalyani B. Nair - On March 15, 2024 1:47 pm - 2 mins read
In a recent decision the Delhi High Court applied the rule of consistency to adopt Transactional Net Margin Method ( TNMM ) in the matter regarding withdrawal of upward adjustments of income proposed by Transfer Pricing Officer ( TPO ). The assessee is wholly owned subsidiary of Oriflame International SA and is engaged in the…
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