https://www.taxtmi.com/caselaws?id=211790 The court upheld the decision of the Ld. CIT(A) to delete the adjustment made by the Transfer Pricing Officer regarding the Arm's Length Price for international transactions. The court found the TPO's process flawed and lacking proper evaluation, leading to an erroneous determination of the ALP. Additionally, the issue concerning the treatment of income received from the holding company as an advance was remanded for further verification by the Assessing Officer to clarify the nature and purpose of the advance. en-us Fri, 24 Feb 2012 00:00:00 +0530 Wed, 28 Mar 2012 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211790 The court upheld the decision of the Ld. CIT(A) to delete the adjustment made by the Transfer Pricing Officer regarding the Arm's Length Price for international transactions. The court found the TPO's process flawed and lacking proper evaluation, leading to an erroneous determination of the ALP. Additionally, the issue concerning the treatment of income received from the holding company as an advance was remanded for further verification by the Assessing Officer to clarify the nature and purpose of the advance. Case-Laws Income Tax Fri, 24 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211790