https://www.taxtmi.com/caselaws?id=339975 The Tribunal upheld the Assessee's objections, directing the Transfer Pricing Officer to use the Comparable Uncontrolled Price (CUP) method for medical transcription and Transactional Net Margin Method (TNMM) for software development, necessitating a re-do of the transfer pricing study. The Tribunal found similarities with another company supporting the CUP method for the Assessee's international transactions. The Revenue's appeal was considered infructuous due to the Tribunal's directive for a complete re-assessment. The Assessee's appeal was allowed, leading to a detailed reassessment and compliance with legal requirements. en-us Wed, 18 Jan 2017 00:00:00 +0530 Sat, 11 Mar 2017 07:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339975 The Tribunal upheld the Assessee's objections, directing the Transfer Pricing Officer to use the Comparable Uncontrolled Price (CUP) method for medical transcription and Transactional Net Margin Method (TNMM) for software development, necessitating a re-do of the transfer pricing study. The Tribunal found similarities with another company supporting the CUP method for the Assessee's international transactions. The Revenue's appeal was considered infructuous due to the Tribunal's directive for a complete re-assessment. The Assessee's appeal was allowed, leading to a detailed reassessment and compliance with legal requirements. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339975