https://www.taxtmi.com/caselaws?id=217465 The tribunal allowed the appeal for statistical purposes, remanding the matter to the assessing officer to verify calculations submitted by the assessee. It was found that the Comparable Uncontrolled Price (CUP) method was wrongly accepted due to insufficient diamond quality details. However, the determination of Arm's Length Price (ALP) was to be limited to international transactions with Associated Enterprises (AEs) only, not Non-AEs, with no adjustments if calculations fell within the safe harbor of +/- 5%. en-us Fri, 03 Aug 2012 00:00:00 +0530 Thu, 11 Oct 2012 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217465 The tribunal allowed the appeal for statistical purposes, remanding the matter to the assessing officer to verify calculations submitted by the assessee. It was found that the Comparable Uncontrolled Price (CUP) method was wrongly accepted due to insufficient diamond quality details. However, the determination of Arm's Length Price (ALP) was to be limited to international transactions with Associated Enterprises (AEs) only, not Non-AEs, with no adjustments if calculations fell within the safe harbor of +/- 5%. Case-Laws Income Tax Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217465