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ITAT Judgment Hyderabad: Transfer Pricing for Non-Covered AE Transactions
The ITAT Hyderabad ruling on transfer pricing for non-covered AE transactions clarifies that margins agreed under a BAPA can be extended to similar transactions not explicitly covered, provided the Functions, Assets and Risks (FAR) remain identical. The Tribunal emphasized that transfer pricing is an economic exercise, and consistency must be maintained when no functional differences exist.