DRP Must Include Loss-Making Companies in Transfer Pricing Analysis, Examine Prior Years' Financials per Rule 10B(4) for Accuracy.
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....TP Adjustment - Comparable selection - Merely because these companies have earned losses for the year under consideration would not lead to its exclusion without analysing as per rule 10 B (4) - DRP is to analyse the financials of immediately to preceding assessment years.....
TaxTMI