https://www.taxtmi.com/caselaws?id=260288 The tribunal directed the Assessing Officer to delete the addition made on account of alleged understatement of arm's length price in indenting transactions. The tribunal found the AO's approach arbitrary and not in accordance with law, citing precedents from previous years. The tribunal also held that the transfer pricing approach adopted by the assessee using the Transactional Net Margin Method was justified, and errors in various aspects of the AO's determination of income were noted, leading to the allowance of the assessee's appeal. en-us Fri, 05 Jun 2015 00:00:00 +0530 Tue, 16 Jun 2015 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260288 The tribunal directed the Assessing Officer to delete the addition made on account of alleged understatement of arm's length price in indenting transactions. The tribunal found the AO's approach arbitrary and not in accordance with law, citing precedents from previous years. The tribunal also held that the transfer pricing approach adopted by the assessee using the Transactional Net Margin Method was justified, and errors in various aspects of the AO's determination of income were noted, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260288