https://www.taxtmi.com/caselaws?id=329422 The Tribunal accepted the assessee's contention that the Transactional Net Margin Method (TNMM) was the most appropriate method for determining the Arm's Length Price (ALP) for the export of Floxidin 10% (50ml). The Tribunal found that the Transfer Pricing Officer (TPO) wrongly applied the Comparable Uncontrolled Price (CUP) method for a minor part of the transactions, despite accepting the TNMM for more than 80% of the transactions. Consequently, the Tribunal allowed the appeal of the assessee, setting aside the order of the Commissioner of Income Tax (Appeals) and deleting the transfer pricing adjustment made by the TPO. en-us Mon, 18 Apr 2016 00:00:00 +0530 Fri, 01 Jul 2016 12:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329422 The Tribunal accepted the assessee's contention that the Transactional Net Margin Method (TNMM) was the most appropriate method for determining the Arm's Length Price (ALP) for the export of Floxidin 10% (50ml). The Tribunal found that the Transfer Pricing Officer (TPO) wrongly applied the Comparable Uncontrolled Price (CUP) method for a minor part of the transactions, despite accepting the TNMM for more than 80% of the transactions. Consequently, the Tribunal allowed the appeal of the assessee, setting aside the order of the Commissioner of Income Tax (Appeals) and deleting the transfer pricing adjustment made by the TPO. Case-Laws Income Tax Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329422