https://www.taxtmi.com/caselaws?id=218702 The court upheld the Transfer Pricing Officer's adjustment of Rs. 5.84 crores to the income returned by the assessee, resulting in an addition of the same amount to the income of the assessee-company for the assessment year 2007-08. The judgment emphasized the necessity of analyzing external comparables alongside internal ones in Transfer Pricing studies and directed the Transfer Pricing Officer to redo the analysis considering both external and internal comparables to ensure a fair determination of the Arm's Length Price and related adjustments. Other grounds raised by the assessee were also directed for reevaluation by the assessing authority. en-us Mon, 27 Aug 2012 00:00:00 +0530 Fri, 23 Nov 2012 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218702 The court upheld the Transfer Pricing Officer's adjustment of Rs. 5.84 crores to the income returned by the assessee, resulting in an addition of the same amount to the income of the assessee-company for the assessment year 2007-08. The judgment emphasized the necessity of analyzing external comparables alongside internal ones in Transfer Pricing studies and directed the Transfer Pricing Officer to redo the analysis considering both external and internal comparables to ensure a fair determination of the Arm's Length Price and related adjustments. Other grounds raised by the assessee were also directed for reevaluation by the assessing authority. Case-Laws Income Tax Mon, 27 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218702