https://www.taxtmi.com/caselaws?id=369922 The Tribunal overturned the TPO's decision to apply TNMM instead of RPM for the international transaction of Import of Finished goods, citing precedents where RPM was approved. It upheld considering forex gain/loss as operational and rejected the import duty adjustment request. The Tribunal remitted the inclusion/exclusion of comparables for fresh examination and directed reconsideration of Novartis India Limited's comparability. The benefit of +/-5% margin without standard deduction was upheld. The matter was remitted for fresh determination of the ALP of the transaction. en-us Fri, 02 Nov 2018 00:00:00 +0530 Mon, 05 Nov 2018 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369922 The Tribunal overturned the TPO's decision to apply TNMM instead of RPM for the international transaction of Import of Finished goods, citing precedents where RPM was approved. It upheld considering forex gain/loss as operational and rejected the import duty adjustment request. The Tribunal remitted the inclusion/exclusion of comparables for fresh examination and directed reconsideration of Novartis India Limited's comparability. The benefit of +/-5% margin without standard deduction was upheld. The matter was remitted for fresh determination of the ALP of the transaction. Case-Laws Income Tax Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369922