https://www.taxtmi.com/caselaws?id=345694 The Tribunal directed that the +/- 5% tolerance band should be applied to the price of international transactions, clarifying that it should be based on the transaction price rather than profit margin. Regarding transfer pricing adjustments for raw materials purchased from associated enterprises, the Tribunal set aside the CIT(A)'s order and remitted the matter for recalculation based on a more accurate apportionment method. Both appeals were allowed for statistical purposes, with directions for recalculating the transfer pricing adjustment and applying the tolerance band. en-us Fri, 03 Mar 2017 00:00:00 +0530 Wed, 30 Aug 2017 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345694 The Tribunal directed that the +/- 5% tolerance band should be applied to the price of international transactions, clarifying that it should be based on the transaction price rather than profit margin. Regarding transfer pricing adjustments for raw materials purchased from associated enterprises, the Tribunal set aside the CIT(A)'s order and remitted the matter for recalculation based on a more accurate apportionment method. Both appeals were allowed for statistical purposes, with directions for recalculating the transfer pricing adjustment and applying the tolerance band. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345694