https://www.taxtmi.com/caselaws?id=263770 The ITAT Pune ruled in favor of the assessee, determining that the transfer pricing provisions were not applicable for Assessment Year 2009-10. The court upheld the DRP's decision that the assessee was not an Associate Enterprise (AE) of the foreign entity based on the lack of evidence showing influence on prices or conditions as required by Section 92A(2)(i). The court emphasized the independence of the parties and dismissed the Revenue's appeal due to the absence of contrary evidence supporting the AE status. en-us Wed, 26 Aug 2015 00:00:00 +0530 Thu, 10 Sep 2015 08:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263770 The ITAT Pune ruled in favor of the assessee, determining that the transfer pricing provisions were not applicable for Assessment Year 2009-10. The court upheld the DRP's decision that the assessee was not an Associate Enterprise (AE) of the foreign entity based on the lack of evidence showing influence on prices or conditions as required by Section 92A(2)(i). The court emphasized the independence of the parties and dismissed the Revenue's appeal due to the absence of contrary evidence supporting the AE status. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263770