Tax Authorities Deny Assessee's Transfer Pricing Adjustments for Startup Phase Due to Lack of Evidence of Ongoing Difficulties.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Transfer pricing adjustment - adjustment for startup phase of operation - adjustment for abnormal expenses - The assessee could not provide any material to show that it is continue to face the difficulties peculiar to the start up phase. - tax authorities are justified in rejecting this claim of the assessee.....