https://www.taxtmi.com/caselaws?id=344079 The Court ruled in favor of the Assessee in the appeal under Section 260 A of the Income Tax Act 1961. The Court held that the ITAT erred in restricting the Assessee to provide data only for the concerned financial year, contrary to Rule 10 B (4) and its first proviso. The judgment emphasized adherence to rules and provisions in transfer pricing analysis, directing the AO/TPO to consider relevant data consistent with the rules for verifying the OP/TC of the comparable company. The appeal was disposed of in favor of the Assessee, clarifying the correct approach for transfer pricing analysis. en-us Mon, 29 May 2017 00:00:00 +0530 Thu, 08 Jun 2017 05:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344079 The Court ruled in favor of the Assessee in the appeal under Section 260 A of the Income Tax Act 1961. The Court held that the ITAT erred in restricting the Assessee to provide data only for the concerned financial year, contrary to Rule 10 B (4) and its first proviso. The judgment emphasized adherence to rules and provisions in transfer pricing analysis, directing the AO/TPO to consider relevant data consistent with the rules for verifying the OP/TC of the comparable company. The appeal was disposed of in favor of the Assessee, clarifying the correct approach for transfer pricing analysis. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344079