https://www.taxtmi.com/caselaws?id=366476 The Tribunal allowed the appeal for statistical purposes, remitting the matter back to the assessment stage for fresh determination of the Arm's Length Price (ALP) in accordance with the law and the Tribunal's directions. The Transfer Pricing Officer (TPO) was instructed to discard the Net Asset Value (NAV)-based computations and adopt an appropriate method for determining the ALP. The related appeal concerning rectification of mistakes was dismissed as infructuous since the main assessment was remitted back. The case outcomes were as follows: ITA No. 2/Del/2017 was allowed for statistical purposes, while ITA No. 5030/Del/17 was dismissed as infructuous. en-us Thu, 23 Aug 2018 00:00:00 +0530 Wed, 05 Sep 2018 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366476 The Tribunal allowed the appeal for statistical purposes, remitting the matter back to the assessment stage for fresh determination of the Arm's Length Price (ALP) in accordance with the law and the Tribunal's directions. The Transfer Pricing Officer (TPO) was instructed to discard the Net Asset Value (NAV)-based computations and adopt an appropriate method for determining the ALP. The related appeal concerning rectification of mistakes was dismissed as infructuous since the main assessment was remitted back. The case outcomes were as follows: ITA No. 2/Del/2017 was allowed for statistical purposes, while ITA No. 5030/Del/17 was dismissed as infructuous. Case-Laws Income Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366476