Madras HC stays Single Judge order, admits Hyundai's appeal against Rs. 800 cr TP addition

Oct 31,2017

Madras HC Division Bench stays Single Judge order, directs TPO not to give effect to DRP order enhancing the TP addition from Rs. 140 crores to Rs. 800 cr; Single Judge had dismissed writ filed by Hyundai Motor India Limited (‘assessee’) challenging enhancement by DRP, which had directed AO not to restrict TP-adjustment to the proportion of international transactions to the total operating costs; Single Ju...

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