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Transfer pricing - related party??

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Lakshmi Devanand, ACA Partner [ Scorecard : 96]	Posted On 23 May 2012 at 14:10
	Hi Need clarification on below: Kindly give me your comments with any section/case-law for the same if any. There are 3 companies namely A, B & C. A & C has a common Chairmen. A & B do not have any direct relation. B is a 100% private owned company C is 100% subsidiary of company 'B'. My clarification required - Is Company 'A' and 'B' has any indirect relationship to be considered for the Transfer Pricing purpose. Thanks & Regards Lakshmi Devanand, ACA +91 9900101477

TusharSampatM.Com CA,CS-FINAL M.com,CS Prof,CA-Final [ Scorecard : 9253]	Posted On 23 May 2012 at 14:22
	Yes, Company A,B,C all are associate enterprise as per Sec 92A(1) and (2)(a). As A and C has common managerial person who participates in functioning of both co and B holds more then 26% of voting power(100% as given above) in C. Total thanks : 1 times

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