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Showing contexts for: Profit Split Method in Madura Coats Private Limited, ... vs Dcit, Madurai on 16 November, 2016Matching Fragments
(a) comparable uncontrolled price method ;
(b) resale price method ;
(c) cost plus method ;
(d) profit split method ;
(e) transactional net margin method ;
(f) such other method as may be prescribed by the Board''.
A reading of the above, clearly indicate that the most appropriate method has to be selected having regard to the nature of transactions or class of transactions. In our opinion, when uncontrolled comparables are available internally on some of the items which was :- 16 -: ITA No.770/Mds/2014.