IT/ILT: SLP granted against order of High Court where it was held that in abse

IT/ILT: SLP granted against order of High Court where it was held that in absence of any material on record showing that assessee bore significant

risks and enjoyed some locational advantages, revenue authorities were not justified in making addition to assessee's ALP by applying cost plus markup of 5 per cent on FOB value of goods exported to AE located abroad

[2014] 52 taxmann.com 249 (SC)

SUPREME COURT OF INDIA

Commissioner of Income-tax, New Delhi

v.

Li & Fung India (P.) Ltd.