https://www.taxtmi.com/caselaws?id=375087 The Tribunal allowed the appeal raised by the assessee against the transfer pricing adjustment made by the Transfer Pricing Officer, amounting to Rs. 98,65,593. The Tribunal held that the TNMM method was more appropriate than the CUP method for benchmarking international transactions involving sales to associated and non-associated entities. The Assessing Officer/TPO was directed to apply the TNMM method and determine the arm's length price of international transactions. Consequently, the appeal was allowed in favor of the assessee, setting aside the initial transfer pricing adjustment. en-us Tue, 12 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 20:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375087 The Tribunal allowed the appeal raised by the assessee against the transfer pricing adjustment made by the Transfer Pricing Officer, amounting to Rs. 98,65,593. The Tribunal held that the TNMM method was more appropriate than the CUP method for benchmarking international transactions involving sales to associated and non-associated entities. The Assessing Officer/TPO was directed to apply the TNMM method and determine the arm's length price of international transactions. Consequently, the appeal was allowed in favor of the assessee, setting aside the initial transfer pricing adjustment. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375087