The Delhi High Court had upheld the decision of the Income Tax Appellate Tribunal (ITAT) on the selection of comparables for the determination of the arm’s length price of an international.
The Supreme Court has ruled that the High Court is not precluded from considering the determination of the arm’s length price determined by the Income Tax Appellate Tribunal (ITAT), in exercise of its.
Without naming BBC, a statement by the finance ministry said that during the course of the survey, the I-T department allegedly gathered evidence 'pertaining to the operation of the organisation which indicate that tax has not been paid on certain remittances.'
The IT department conducted a 60-hour survey of the offices of media establishment BBC earlier this week, with the offices in Delhi and Mumbai receiving heat.