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
CAclubindia
