https://www.taxtmi.com/caselaws?id=203245 The Tribunal set aside the CIT(A)'s orders for AY 2002-03 and AY 2003-04, directing a fresh adjudication. The CIT(A) must justify the arm's length price determination for transactions with associated enterprises, considering economic and FAR analysis. The burden of proof lies on the assessee to establish the ALP and provide necessary documentation. The Revenue's appeals were allowed for statistical purposes, while the assessee's appeal was partly allowed. The write-off claim ground was dismissed as it was not pursued before the Tribunal. en-us Tue, 22 Feb 2011 00:00:00 +0530 Sat, 14 May 2011 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203245 The Tribunal set aside the CIT(A)'s orders for AY 2002-03 and AY 2003-04, directing a fresh adjudication. The CIT(A) must justify the arm's length price determination for transactions with associated enterprises, considering economic and FAR analysis. The burden of proof lies on the assessee to establish the ALP and provide necessary documentation. The Revenue's appeals were allowed for statistical purposes, while the assessee's appeal was partly allowed. The write-off claim ground was dismissed as it was not pursued before the Tribunal. Case-Laws Income Tax Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203245