Assessee's Gross Margins Exceed Comparables; No ALP Adjustment Needed for Finished Goods Imports per TPO Selection.

Assessee's Gross Margins Exceed Comparables; No ALP Adjustment Needed for Finished Goods Imports per TPO Selection. https://www.taxtmi.com/highlights?id=62161 TP Adjustment - Arm's Length Price (ALP) adjustment - The gross margins of assessee are much more than the gross margins of comparable companies chosen by the ld. TPO. Hence no adjustment to ALP is to be made in respect of import of finished goods even if the comparable companies chosen by the ld. TPO are upheld. - AT en-us Sat, 26 Feb 2022 05:59:43 +0530 Sat, 26 Feb 2022 05:59:43 +0530 TaxTMI RSS Generator Assessee's Gross Margins Exceed Comparables; No ALP Adjustment Needed for Finished Goods Imports per TPO Selection. https://www.taxtmi.com/highlights?id=62161 TP Adjustment - Arm's Length Price (ALP) adjustment - The gross margins of assessee are much more than the gross margins of comparable companies chosen by the ld. TPO. Hence no adjustment to ALP is to be made in respect of import of finished goods even if the comparable companies chosen by the ld. TPO are upheld. - AT Highlights Income Tax Sat, 26 Feb 2022 05:59:43 +0530 https://www.taxtmi.com/highlights?id=62161