https://www.taxtmi.com/highlights?id=55299 TP Adjustment - Mark up on purchase of fixed assets - assessee has filed the reasons for charging 5% as markup that is for taking care of administration and fright cost. It is not submitted before us any document relating to prices i.e. whether it is FOB or C & IF prices. Since the AE has supplied the assets on cost to cost with a markup of 5% and the Customs has accepted the transaction as reasonable we do not see any reason to disturb the transaction. - addition made by the TPO deleted - AT en-us Tue, 27 Oct 2020 12:31:56 +0530 Tue, 27 Oct 2020 12:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55299 TP Adjustment - Mark up on purchase of fixed assets - assessee has filed the reasons for charging 5% as markup that is for taking care of administration and fright cost. It is not submitted before us any document relating to prices i.e. whether it is FOB or C & IF prices. Since the AE has supplied the assets on cost to cost with a markup of 5% and the Customs has accepted the transaction as reasonable we do not see any reason to disturb the transaction. - addition made by the TPO deleted - AT Highlights Income Tax Tue, 27 Oct 2020 12:31:56 +0530 https://www.taxtmi.com/highlights?id=55299