CORPORATE & PROFESSIONAL UPDATES 19TH JULY 2018
Direct Tax : ITAT deletes TP-adjustment, upholds TNMM over TPO’s CPM as MAM for benchmarking export transaction for Himalaya Drug Company (assessee – partnership firm engaged in the business of manufacture and sale of herbal pharmaceutical products) for AY 2011-12; Rejects TPO’s approach in applying gross profit margin of the domestic consumer product division to …