Introduction

The Tax Appeals Tribunal (TAT) delivered its verdict in the Tax Appeal No. 1181 of 2022 where the Tribunal clarified that where a taxpayer’s financial results of an intercompany (controlled) transaction are within the arm’s length range of results established  by a benchmarking study, there should be no transfer pricing adjustment by the revenue authority. 
 

Click here to download the full tax alert - TAT's Ruling on Arm's Length Price

Caveat

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