THE FINDINGS OF INCOME TAX APPELLATE TRIBUNAL ON ‘ARM’S LENGTH PRICE’ IS SUBJECT TO JUDICIAL REVIEW

THE FINDINGS OF INCOME TAX APPELLATE TRIBUNAL ON ‘ARM’S LENGTH PRICE’ IS SUBJECT TO JUDICIAL REVIEW https://www.taxtmi.com/article/detailed?id=11415 The Supreme Court held that determinations of Arm's Length Price by the Tribunal are not absolutely final; High Courts may examine whether the Tribunal complied with the Act and Rules in selecting comparables, applying filters, and choosing the most appropriate transfer pricing method, and may entertain challenges where the Tribunal's determination is made de hors the statutory guidelines or is perverse, presenting a substantial question of law. en-us Fri, 19 May 2023 12:11:26 +0530 Fri, 19 May 2023 12:11:26 +0530 TaxTMI RSS Generator THE FINDINGS OF INCOME TAX APPELLATE TRIBUNAL ON ‘ARM’S LENGTH PRICE’ IS SUBJECT TO JUDICIAL REVIEW https://www.taxtmi.com/article/detailed?id=11415 The Supreme Court held that determinations of Arm's Length Price by the Tribunal are not absolutely final; High Courts may examine whether the Tribunal complied with the Act and Rules in selecting comparables, applying filters, and choosing the most appropriate transfer pricing method, and may entertain challenges where the Tribunal's determination is made de hors the statutory guidelines or is perverse, presenting a substantial question of law. Articles Income Tax Fri, 19 May 2023 12:11:26 +0530 https://www.taxtmi.com/article/detailed?id=11415