https://www.taxtmi.com/caselaws?id=254123 The appellant successfully challenged transfer pricing adjustments made by tax authorities regarding sales transactions with associated enterprises. The court ruled in favor of the appellant, emphasizing the importance of applying the arm's length principle in international transactions and conducting transaction-based benchmarking to avoid distortion. The court directed the revenue to delete the proposed income additions, acknowledging the appellant's rational approach to benchmarking and highlighting discrepancies in the tax authorities' decisions. en-us Mon, 29 Sep 2014 00:00:00 +0530 Fri, 12 Dec 2014 21:37:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254123 The appellant successfully challenged transfer pricing adjustments made by tax authorities regarding sales transactions with associated enterprises. The court ruled in favor of the appellant, emphasizing the importance of applying the arm's length principle in international transactions and conducting transaction-based benchmarking to avoid distortion. The court directed the revenue to delete the proposed income additions, acknowledging the appellant's rational approach to benchmarking and highlighting discrepancies in the tax authorities' decisions. Case-Laws Income Tax Mon, 29 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254123