Relief to Bennett Coleman: ITAT deletes ALP adjustment as balances reflected on account of exchange difference for notional conversions can’t be treated as outstanding dues [Read Order]

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In the major relief to Bennett Coleman, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deletes Arm’s Length Pricing (ALP) adjustment as balances reflected on account of exchange difference for notional conversions cannot be treated as outstanding dues. The assessee, Bennett Coleman & Co Ltd raised the issue in respect of is an ALP […]
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