https://www.taxtmi.com/caselaws?id=210592 The Tribunal allowed the appellant's appeal concerning a transfer pricing adjustment based on the Arm's Length Price determination using the Comparison of Uncontrolled Price method. The Tribunal found that the price agreed upon in the sale contract was comparable to the market rate prevailing on that day, rendering the additional adjustment made by the Transfer Pricing Officer unsustainable both factually and legally. As a result, the Tribunal deleted the adjustment, concluding that there was no valid reason to disturb the price disclosed by the appellant as the Arm's Length Price for the imports. en-us Wed, 24 Aug 2011 00:00:00 +0530 Tue, 10 Jan 2017 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210592 The Tribunal allowed the appellant's appeal concerning a transfer pricing adjustment based on the Arm's Length Price determination using the Comparison of Uncontrolled Price method. The Tribunal found that the price agreed upon in the sale contract was comparable to the market rate prevailing on that day, rendering the additional adjustment made by the Transfer Pricing Officer unsustainable both factually and legally. As a result, the Tribunal deleted the adjustment, concluding that there was no valid reason to disturb the price disclosed by the appellant as the Arm's Length Price for the imports. Case-Laws Income Tax Wed, 24 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210592