https://www.taxtmi.com/caselaws?id=202641 The Tribunal allowed cross appeals by the revenue and the assessee regarding transfer pricing adjustments for international transactions in the assessment year 2005-06. The assessee's submission of additional evidence related to comparables and related party transactions was accepted under Rule 29 of the Income-tax (Appellate Tribunal) Rules, 1963. The Tribunal directed a fresh assessment by the Transfer Pricing Officer, incorporating the new evidence and evaluating comparables based on specific factors. Both parties were given a reasonable opportunity for the reassessment, emphasizing the importance of proper comparables and procedural fairness in determining arm's length pricing. en-us Fri, 07 Jan 2011 00:00:00 +0530 Tue, 05 Apr 2016 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202641 The Tribunal allowed cross appeals by the revenue and the assessee regarding transfer pricing adjustments for international transactions in the assessment year 2005-06. The assessee's submission of additional evidence related to comparables and related party transactions was accepted under Rule 29 of the Income-tax (Appellate Tribunal) Rules, 1963. The Tribunal directed a fresh assessment by the Transfer Pricing Officer, incorporating the new evidence and evaluating comparables based on specific factors. Both parties were given a reasonable opportunity for the reassessment, emphasizing the importance of proper comparables and procedural fairness in determining arm's length pricing. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202641