https://www.taxtmi.com/caselaws?id=361569 The Tribunal upheld the Dispute Resolution Panel's decision, directing the Transfer Pricing Officer to accept the valuation report of the assessee in a transfer pricing adjustment case involving the purchase of cranes from associated enterprises. The Tribunal emphasized the importance of determining arm's length pricing based on external valuations like those by chartered engineers or customs authorities, dismissing the Revenue's appeal and rendering the cross objection by the assessee moot. The judgment underscores the significance of accurately establishing fair market value in international transactions to comply with transfer pricing regulations effectively. en-us Mon, 02 Apr 2018 00:00:00 +0530 Sat, 09 Jun 2018 08:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361569 The Tribunal upheld the Dispute Resolution Panel's decision, directing the Transfer Pricing Officer to accept the valuation report of the assessee in a transfer pricing adjustment case involving the purchase of cranes from associated enterprises. The Tribunal emphasized the importance of determining arm's length pricing based on external valuations like those by chartered engineers or customs authorities, dismissing the Revenue's appeal and rendering the cross objection by the assessee moot. The judgment underscores the significance of accurately establishing fair market value in international transactions to comply with transfer pricing regulations effectively. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361569