https://www.taxtmi.com/caselaws?id=373719 The Tribunal allowed the appeal, emphasizing the need for a fresh analysis and determination of the Arm's Length Price (ALP) due to errors in transfer pricing adjustments made by the Transfer Pricing Officer (TPO) for the Assessment Year (AY) 2010-11. The TPO erred in specific adjustments, selection of comparable companies, and application of benchmarking methods, leading to an incorrect total adjustment. The Tribunal directed a re-examination of the claim, considering segmental financial statements and proper allocation of expenses for computing the Operating Profit/Operating Cost (OP/OC) separately for manufacturing and sale transactions. en-us Tue, 15 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373719 The Tribunal allowed the appeal, emphasizing the need for a fresh analysis and determination of the Arm's Length Price (ALP) due to errors in transfer pricing adjustments made by the Transfer Pricing Officer (TPO) for the Assessment Year (AY) 2010-11. The TPO erred in specific adjustments, selection of comparable companies, and application of benchmarking methods, leading to an incorrect total adjustment. The Tribunal directed a re-examination of the claim, considering segmental financial statements and proper allocation of expenses for computing the Operating Profit/Operating Cost (OP/OC) separately for manufacturing and sale transactions. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373719