This content is from: India

ITAT overrules TPO’s adjustment concluding taxpayer was simply a mediator for parent company

The Income-Tax Appellate Tribunal (ITAT) in Delhi has overruled a transfer pricing adjustment, finding the taxpayer’s activity was low risk and consisted primarily of agency services. The ITAT ruled against the transfer pricing officer’s (TPO) original ruling, claiming the TPO’s conclusions lacked material evidence.

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