HC can decide on transfer pricing litigation, rules SC

The Supreme Court on Wednesday pronounced a landmark ruling that HCs can examine whether or not the findings of the ITAT, while determining the arm’s length price, are perverse or not. In this backdrop, tax experts view that alternative mechanisms like advance pricing agreements (APAs) could gain more traction.

Apr 21, 2023 - 07:30
HC can decide on transfer pricing litigation, rules SC
The Supreme Court on Wednesday pronounced a landmark ruling that HCs can examine whether or not the findings of the ITAT, while determining the arm’s length price, are perverse or not. In this backdrop, tax experts view that alternative mechanisms like advance pricing agreements (APAs) could gain more traction.