https://www.taxtmi.com/caselaws?id=327164 The High Court remanded the matter to the Tribunal for fresh consideration, emphasizing the need to reassess the evidence and determine the arm's length price (ALP) based on relevant factors. The Court disagreed with the authorities' approach of linking profitability to the arm's length nature of transactions and highlighted the importance of evaluating each transaction on its own merits. The Tribunal was directed to consider whether the transactions should be benchmarked separately or under the TNMM, and to reassess the evidence provided by the assessee. en-us Fri, 06 Nov 2015 00:00:00 +0530 Tue, 03 May 2016 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327164 The High Court remanded the matter to the Tribunal for fresh consideration, emphasizing the need to reassess the evidence and determine the arm's length price (ALP) based on relevant factors. The Court disagreed with the authorities' approach of linking profitability to the arm's length nature of transactions and highlighted the importance of evaluating each transaction on its own merits. The Tribunal was directed to consider whether the transactions should be benchmarked separately or under the TNMM, and to reassess the evidence provided by the assessee. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327164