OrbitaxIndian High Court Holds Tax Authority May Not Discard Taxpayer's Adopted Transfer Pricing Method Without Explaining Why Other Method is More Appropriate
|Approved Changes|India
The Delhi High Court issued a judgment on 14 October 2024 concerning the tax authority's discarding of a taxpayer's chosen transfer pricing method. The case involved SABIC India Pvt. Ltd. (SABIC), a subsidiary of Saudi Arabian SABIC group that provides marketing support services in India and the subcontinent. SABIC adopted the transactional net margin method (TNMM) to benchmark its internation…
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