TPO cannot reject certified segmental financials without investigating cost drivers or finding explicit discrepancies.
TPO cannot reject certified segmental financials without investigating cost drivers or finding explicit discrepancies. Issue Whether the Transfer Pricing Officer (TPO) is legally justified in rejecting certified segmental financial results and reallocating costs on a generic revenue-proportion basis without conducting an independent investigation or identifying specific discrepancies in the assessee’s allocation method. Facts The assessee-company… Read More »