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HomeDirect TaxFunctional Similarity, Turnover Differences Crucial for Comparable Selection: Delhi HC Remands Transfer...

Functional Similarity, Turnover Differences Crucial for Comparable Selection: Delhi HC Remands Transfer Pricing Issue in American Express Case

Direct Tax

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By Mariya Paliwala
Functional Similarity, Turnover Differences Crucial for Comparable Selection: Delhi HC Remands Transfer Pricing Issue in American Express Case

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The Delhi High Court has delivered an important ruling in transfer pricing litigation involving M/s American Express (India) Pvt. Ltd. for Assessment Year 2009–10, examining the principles governing selection and exclusion of comparable companies under the Transactional Net Margin Method (TNMM).  The bench of Justice V. Kameswar Rao and Justice Vinod Kumar has partly allowed…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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