https://www.taxtmi.com/caselaws?id=326549 The Tribunal upheld the CIT(A)'s decision, affirming the deletion of the addition made by the TPO under Section 92CA(3) of the I.T. Act. It was found that the goods exported were part of slow-moving old stock, and the Arm's Length Price (ALP) was determined using the Comparable Uncontrolled Price (CUP) method. The Tribunal agreed with the CIT(A) that the 8.25% Gross Profit (GP) rate was more appropriate than the 22.64% GP rate for determining the ALP. The appeal by the Revenue was dismissed, supporting the CIT(A)'s order in favor of the assessee. en-us Fri, 26 Feb 2016 00:00:00 +0530 Tue, 19 Apr 2016 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326549 The Tribunal upheld the CIT(A)'s decision, affirming the deletion of the addition made by the TPO under Section 92CA(3) of the I.T. Act. It was found that the goods exported were part of slow-moving old stock, and the Arm's Length Price (ALP) was determined using the Comparable Uncontrolled Price (CUP) method. The Tribunal agreed with the CIT(A) that the 8.25% Gross Profit (GP) rate was more appropriate than the 22.64% GP rate for determining the ALP. The appeal by the Revenue was dismissed, supporting the CIT(A)'s order in favor of the assessee. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326549