Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

TPO can apply TNMM to compute ALP even if comparable Co. isn't manufacturing exactly the same product

March 6, 2019[2019] 102 422 (Kolkata - Trib.)

IT/ILT : Unlike CUP Method TNMM does not require that comparable company has to manufacture exactly same product as that manufactured by tested party

IT/ILT : Companies which were manufacturing and selling electronic components, Electronic radiators, Soft ferrite, Electronic printed circuit boards, Aluminium electrolytic capacitors, Electronic capacitor grade metalised polypropylene film, etc., were functionally comparable to assessee-company manufacturing soft ferrites components

IT/ILT : Application of 'cash profit margin', under TNMM, in manufacturing industry is appropriate for reason that same eliminates impact on profitability of differences in respect of technology, age of assets used in production, capacity utilization and depreciation expenses and its policies and interest expenses

read more
Best view in 1140 x 768