https://www.taxtmi.com/caselaws?id=209698 The Tribunal ruled in a transfer pricing dispute involving international transactions that the comparison with another Indian company was not valid. It directed the Assessing Officer to determine a comparable case or consider the rate adopted by the assessee in subsequent years. The Tribunal emphasized caution in admitting additional evidence, directing the use of the Comparable Uncontrolled Price method. The Tribunal instructed the Assessing Officer to re-evaluate the assessment based on the CUP method and the rate adopted by the assessee in subsequent years, allowing both parties' appeals for statistical purposes. en-us Fri, 15 Jul 2011 00:00:00 +0530 Mon, 06 Feb 2012 22:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209698 The Tribunal ruled in a transfer pricing dispute involving international transactions that the comparison with another Indian company was not valid. It directed the Assessing Officer to determine a comparable case or consider the rate adopted by the assessee in subsequent years. The Tribunal emphasized caution in admitting additional evidence, directing the use of the Comparable Uncontrolled Price method. The Tribunal instructed the Assessing Officer to re-evaluate the assessment based on the CUP method and the rate adopted by the assessee in subsequent years, allowing both parties' appeals for statistical purposes. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209698