https://www.taxtmi.com/caselaws?id=352530 The Tribunal set aside the case to the file of the Assessing Officer and Transfer Pricing Officer for a fresh determination of all issues on merits. The Tribunal emphasized the importance of providing the assessee with proper opportunities to present evidence and explanations, considering the extraordinary circumstances faced by the assessee. The decision reflects a balanced approach to achieving justice and highlights the significance of fair representation and appropriate methodologies in benchmarking international transactions, particularly in unique business models like investment banking. en-us Tue, 12 Dec 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352530 The Tribunal set aside the case to the file of the Assessing Officer and Transfer Pricing Officer for a fresh determination of all issues on merits. The Tribunal emphasized the importance of providing the assessee with proper opportunities to present evidence and explanations, considering the extraordinary circumstances faced by the assessee. The decision reflects a balanced approach to achieving justice and highlights the significance of fair representation and appropriate methodologies in benchmarking international transactions, particularly in unique business models like investment banking. Case-Laws Income Tax Tue, 12 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352530