https://www.taxtmi.com/caselaws?id=345240 The arm's length price for purchases from associated enterprises turned on whether the Comparable Uncontrolled Price method could be applied on the existing invoices and back-to-back invoices, or whether the Transactional Net Margin Method was more appropriate. The record did not contain sufficient financial detail to show conclusively whether the associated enterprise had derived any benefit or mark-up over the vendor price, so the method selection could not be finally determined on the available material. The matter was restored to the Assessing Officer for fresh examination of whether any benefit or mark-up existed and for redetermination of the appropriate method; the assessee's remaining grounds were left open as premature. en-us Mon, 03 Apr 2017 00:00:00 +0530 Wed, 12 Jul 2017 07:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345240 The arm's length price for purchases from associated enterprises turned on whether the Comparable Uncontrolled Price method could be applied on the existing invoices and back-to-back invoices, or whether the Transactional Net Margin Method was more appropriate. The record did not contain sufficient financial detail to show conclusively whether the associated enterprise had derived any benefit or mark-up over the vendor price, so the method selection could not be finally determined on the available material. The matter was restored to the Assessing Officer for fresh examination of whether any benefit or mark-up existed and for redetermination of the appropriate method; the assessee's remaining grounds were left open as premature. Case-Laws Income Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345240