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ITAT accepts Resale Price Method for fixing ALP of finished goods purchased from AE for reselling purpose

April 12, 2017[2017] 80 taxmann.com 165 (Mumbai - Trib.)
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IT/ILT: Where assessee purchased finished products from its AE for purpose of reselling to unrelated parties without any value addition, under normal circumstances, most appropriate method to bench mark arm's length price of such transaction in terms of rule 10B would be RPM

IT: Payments to banks towards credit card charges are not in nature of commission within meaning of section 194H

IT : Where assessee had submitted a revised Form no. 26AS and a letter from bank wherein reporting of excess interest income in original Form no. 26AS had been admitted, Assessing Officer was to be directed to verify revised Form no. 26AS and to restrict disallowance, if any, to un-reconciled amount

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