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.
By Yogitha S. Yogesh - On January 15, 2024 6:02 pm - 2 mins read
T P Analysis - CIT(A) - TP Report - ITAT - ITAT Upholds Order of CIT(A) - Rejecting T P Analysis without Giving any Specific Reason - taxscan

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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