Proof of Tangible/direct benefits from international transactions needed for determination of ALP

CLR Editorial Notes: This case bears reference to an appeal filed by the concerned assessee against an order passed by the Assessing officer. The assessee-company is engaged in the business of manufacturing, designing, engineering and supply of cooling towers, spares and providing engineering services. The assessee entered into several international transactions with its Associated Enterprises… Read More

Tags: ALP, Business, DRP, Finance Act, TPO, transfer pricing