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CUP method was to be used to benchmark stock broking services relating to clearing house trades

March 9, 2017[2017] 79 87 (Mumbai - Trib.)

IT/ILT : Where assessee-company, engaged in trading in shares, provided stock broking services with respect of Clearing House (CH) trades to its associated enterprise, TPO was justified in determining ALP of said transactions on basis of CUP method

IT/ILT : Where assessee failed to produce any evidence before revenue authorities to prove that there was some agreement that could prove committed volumes between Mauritian AE and assessee, claim raised by assessee in respect of volume adjustment could not be allowed

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