ASSESSEE IS A INDIVIDUAL AND HE WAS A DIRECTOR TO PVT LTD COMPANY AND HAVING THE VOTING RIGHTS 47% IN THAT COMPANY.
INDIVIDUAL ASSESSEE CARRYING BUSINESS AND ALL HIS BUSINESS PUCHASES ARE MADE FROM THE ABOVE PVT LTD COMPANY AND THE PURCHASES ARE AROUND THE 11 CRORES DURING THE FINANCIAL YEAR 2015-16.
MY QUESTION IS WHETHER SPECIFIED DOMESTIC TRANSACTIONS UNDER TRANSFER PRICING RULES APPLY TO SUCH INDIVIDUAL OR COMPANY?
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