https://www.taxtmi.com/caselaws?id=273765 The Bombay High Court dismissed the appeal challenging the Tribunal's order on the interpretation of Section 92 of the Income Tax Act for the Assessment Year 2008-2009. The court held that the arms length price (ALP) should be determined solely based on international transactions with associated enterprises, rejecting the argument to consider the entire turnover of the company. The decision emphasized the availability of information on international transactions and previous rulings supporting the restricted scope of ALP calculation. The appeal was rejected without costs. en-us Wed, 07 Jun 2017 00:00:00 +0530 Thu, 04 Jul 2019 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273765 The Bombay High Court dismissed the appeal challenging the Tribunal's order on the interpretation of Section 92 of the Income Tax Act for the Assessment Year 2008-2009. The court held that the arms length price (ALP) should be determined solely based on international transactions with associated enterprises, rejecting the argument to consider the entire turnover of the company. The decision emphasized the availability of information on international transactions and previous rulings supporting the restricted scope of ALP calculation. The appeal was rejected without costs. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273765