https://www.taxtmi.com/highlights?id=30586 TPA - This is a case in which transfer pricing provisions cannot be applied because the application of ALP adjustment will indeed result in erosion of Indian tax base- as visualized by the scheme of Section 92(3) inasmuch for every rupee of ALP adjustment in intra group service, the revenue of the assessee, on the basis of application of arm’s length price, will stand reduced by one and one fifth times of the ALP adjustment. - AT en-us Tue, 02 Aug 2016 13:48:58 +0530 Tue, 02 Aug 2016 13:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30586 TPA - This is a case in which transfer pricing provisions cannot be applied because the application of ALP adjustment will indeed result in erosion of Indian tax base- as visualized by the scheme of Section 92(3) inasmuch for every rupee of ALP adjustment in intra group service, the revenue of the assessee, on the basis of application of arm’s length price, will stand reduced by one and one fifth times of the ALP adjustment. - AT Highlights Income Tax Tue, 02 Aug 2016 13:48:58 +0530 https://www.taxtmi.com/highlights?id=30586