Rule 10B does not prescribe minimum number of companies for comparability
Rule 10B doesn’t prescribe minimum number of companies for comparability analysis and if an extraordinary event resulted in earning of high operating margin of company, it had to be excluded from the list of comparables in Transfer Pricing. [ITAT Hyderabad] ADP (P.) Ltd. v. DCIT ITA No. 471 of 2011 Date of decision: August… Read More »