TP Adjustment cannot be at ‘NIL’ as determined by the TPO: ITAT directs TPO to consider ALP afresh [Read Order]

Thetribunal emphasized that there was evidence suggesting services were rendered, and thus, the ALP could not be set at NIL
Income Tax - ITAT - TP Adjustment by TPO - Intra Group Services - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the Transfer Pricing Officer ( TPO ) erred in setting the Arm’s Length Price ( ALP ) for Intra Group Services at NIL for the assessee and directed the TPO to reconsider the ALP by evaluating all the evidence afresh. American Express…

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