https://www.taxtmi.com/caselaws?id=218539 The Tribunal allowed the appeal, directing the Assessing Officer (AO) to reconsider the transfer pricing adjustment based on transactions with associate enterprises rather than total purchases. The Tribunal did not address the principle of natural justice due to the appellant's focus on the transfer pricing issue. The judgment did not extensively discuss the levy of interest under Section 234B, as the primary dispute centered on transfer pricing adjustments. The decision favored the appellant, emphasizing the correct application of the arm's length principle in transfer pricing assessments. en-us Fri, 03 Aug 2012 00:00:00 +0530 Mon, 29 Oct 2012 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218539 The Tribunal allowed the appeal, directing the Assessing Officer (AO) to reconsider the transfer pricing adjustment based on transactions with associate enterprises rather than total purchases. The Tribunal did not address the principle of natural justice due to the appellant's focus on the transfer pricing issue. The judgment did not extensively discuss the levy of interest under Section 234B, as the primary dispute centered on transfer pricing adjustments. The decision favored the appellant, emphasizing the correct application of the arm's length principle in transfer pricing assessments. Case-Laws Income Tax Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218539