https://www.taxtmi.com/caselaws?id=272243 The High Court upheld the Income Tax Appellate Tribunal's decision to apply the Comparable Uncontrolled Price (CUP) method for transfer pricing adjustments, dismissing the appeals. The Court emphasized the importance of the assessee providing reasonable explanations for transactions, supporting the Tribunal's scrutiny and adjustments. Both issues raised were decided against the assessee in favor of the revenue. en-us Mon, 29 Feb 2016 00:00:00 +0530 Fri, 18 Nov 2016 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272243 The High Court upheld the Income Tax Appellate Tribunal's decision to apply the Comparable Uncontrolled Price (CUP) method for transfer pricing adjustments, dismissing the appeals. The Court emphasized the importance of the assessee providing reasonable explanations for transactions, supporting the Tribunal's scrutiny and adjustments. Both issues raised were decided against the assessee in favor of the revenue. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272243