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TaxBuzz – Selection and Application of Most Appropriate Method October 28, 2024
Published in: TaxBuzz
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage arising on account of anyone acting / refraining to act by placing reliance upon the information contained in this publication.
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”.
In this edition, we have analysed the recent judgment in the case of Sabic India Pvt. Ltd, wherein the Delhi High Court has emphasized the importance of principle of consistency in matters relating to selection of the most appropriate method for the purpose of computation of arm’s length price under section 92 of the Income-tax Act, 1961.
Pertinent findings have also been recorded by the High Court on applicability of Other Method as provided under Rule 10AB of the Income Tax Rules, 1962.
We trust that you will find our TaxBuzz useful and look forward to receiving your valuable feedback.
For any further information/ clarification, please feel free to write to:
Mr. Ramit Katyal,
Executive Director
[email protected]
Mr. Aditya Vohra
Associate Partner
[email protected]
