Appellate Tribunal grants stay of demand for transfer pricing adjustment in favor of company

The Appellate Tribunal ITAT Bengaluru granted stay of demand of 2,88,55,560/- for the assessment year 2012-13 to the assessee-company due to transfer pricing adjustment. The Tribunal found a prima facie case and scheduled the appeal hearing for 21/02/2018.

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The Appellate Tribunal ITAT Bengaluru granted stay of demand of 2,88,55,560/- for the assessment year 2012-13 to the assessee-company due to transfer pricing adjustment. The Tribunal found a prima facie case before them and directed the appeal hearing to be scheduled for 21/02/2018. The order was pronounced on 05th February, 2018.

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