Tnmm method applicable in case of loss

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

27 February 2012  

Friends/Experts

There is operating loss for a FY.

Is there any rule that in case of operating loss TNMM cannot be applied ? It is to be noted that there is no internal and external CUP in the FY  as there are no Third party overseas transactions. 

Regards,