https://www.taxtmi.com/caselaws?id=177468 The ITAT Chennai partially allowed the assessee's appeal in a transfer pricing adjustment case for the assessment year 2009-10. The ALP was set at 18%, providing relief to the assessee compared to the initial adjustment proposed by the TPO and revised by the DRP. The ITAT considered industry profit margins and the challenges in finding appropriate comparables, leading to the decision to reduce the ALP. The Assessing Officer was directed to issue a consequential order based on the revised ALP of 18%. en-us Tue, 11 Nov 2014 00:00:00 +0530 Sat, 09 Jan 2016 16:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177468 The ITAT Chennai partially allowed the assessee's appeal in a transfer pricing adjustment case for the assessment year 2009-10. The ALP was set at 18%, providing relief to the assessee compared to the initial adjustment proposed by the TPO and revised by the DRP. The ITAT considered industry profit margins and the challenges in finding appropriate comparables, leading to the decision to reduce the ALP. The Assessing Officer was directed to issue a consequential order based on the revised ALP of 18%. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177468