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Indian Appellate Tribunal Decision on Transfer Pricing Comparables

|Approved Changes|India
India

The Kolkata Income Tax Appellate Tribunal recently issued a decision concerning the selection of comparable companies for a transfer pricing analysis by both the taxpayer and the transfer pricing officer. The case involved a distributor and commission agent in India (the taxpayer), which imported medical equipment and spare parts from a foreign related party and received commission payments from that party. In determining the arm's length conditions for the transactions, the taxpayer chose to…

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