https://www.taxtmi.com/caselaws?id=345700 The Court dismissed the appeal, upholding the Tribunal's decision to confirm the deletion of an amount in the Assessment Year 2002-03 related to Transfer Pricing adjustments. The Court supported the use of the Correct Price Method (CUP) over the Transaction Net Margin Method (TNMM), emphasizing the differences in functions and risks between related and unrelated party transactions. It found that the Tribunal's factual findings were well-founded and that no substantial legal questions were raised, leading to the dismissal of the appeal without costs awarded. en-us Fri, 07 Jul 2017 00:00:00 +0530 Tue, 25 Jul 2017 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345700 The Court dismissed the appeal, upholding the Tribunal's decision to confirm the deletion of an amount in the Assessment Year 2002-03 related to Transfer Pricing adjustments. The Court supported the use of the Correct Price Method (CUP) over the Transaction Net Margin Method (TNMM), emphasizing the differences in functions and risks between related and unrelated party transactions. It found that the Tribunal's factual findings were well-founded and that no substantial legal questions were raised, leading to the dismissal of the appeal without costs awarded. Case-Laws Income Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345700