https://www.taxtmi.com/caselaws?id=176244 The Tribunal partly allowed the appeal by holding that the TNM method was the appropriate approach for determining the Arm's Length Price, rejecting the Cost Plus Method adopted by the AO/DRP. The disallowance under Section 14A was limited to Rs. 2,50,000, and the issue of EDP service charges disallowance was remanded to the AO for further review based on the assessee's submissions. The AO was directed to reevaluate the matters in accordance with the law and facts after providing the assessee with a hearing opportunity. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 29 Nov 2016 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176244 The Tribunal partly allowed the appeal by holding that the TNM method was the appropriate approach for determining the Arm's Length Price, rejecting the Cost Plus Method adopted by the AO/DRP. The disallowance under Section 14A was limited to Rs. 2,50,000, and the issue of EDP service charges disallowance was remanded to the AO for further review based on the assessee's submissions. The AO was directed to reevaluate the matters in accordance with the law and facts after providing the assessee with a hearing opportunity. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176244