corporate and professional updates 11th APRIL 2018
Direct tax ITAT directs application of TNMM over TPO/DRP’s CUP-method for benchmarking assessee’s payment of technical know-how fee to AE for AYs 2012-13 & 2013-14; Follows co-ordinate bench ruling in assessee’s own case in the preceding year wherein TNMM was accepted as MAM; Thus, ITAT opines that “we restore the issue to the file of the …