https://www.taxtmi.com/caselaws?id=213577 The Tribunal set aside the order directing the addition under Section 92C(4) of the Income Tax Act, 1961, due to incorrect determination of Arms Length Price (ALP) and lack of proper consideration of appellant's contentions. The Tribunal instructed the Assessing Officer to reassess the ALP based on a fresh report from the Transfer Pricing Officer, ensuring adjustments at the transaction level. The appeal was allowed for statistical purposes, and the addition related to local sales was directed to be deleted. en-us Mon, 31 Oct 2011 00:00:00 +0530 Thu, 23 May 2013 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213577 The Tribunal set aside the order directing the addition under Section 92C(4) of the Income Tax Act, 1961, due to incorrect determination of Arms Length Price (ALP) and lack of proper consideration of appellant's contentions. The Tribunal instructed the Assessing Officer to reassess the ALP based on a fresh report from the Transfer Pricing Officer, ensuring adjustments at the transaction level. The appeal was allowed for statistical purposes, and the addition related to local sales was directed to be deleted. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213577