https://www.taxtmi.com/caselaws?id=329651 The ITAT concluded that the CUP method was the most appropriate for benchmarking the purchase of DAP fertilizers. The authorities were directed to apply the CUP method. The addition of Rs. 30,99,75,553 and rejection of the CUP method were allowed. The denial of the 5% margin and initiation of penalty proceedings were rejected. The appeal was partly allowed, with the order pronounced on 11.05.2016. en-us Wed, 11 May 2016 00:00:00 +0530 Thu, 07 Jul 2016 12:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329651 The ITAT concluded that the CUP method was the most appropriate for benchmarking the purchase of DAP fertilizers. The authorities were directed to apply the CUP method. The addition of Rs. 30,99,75,553 and rejection of the CUP method were allowed. The denial of the 5% margin and initiation of penalty proceedings were rejected. The appeal was partly allowed, with the order pronounced on 11.05.2016. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329651