https://www.taxtmi.com/caselaws?id=279663 The Tribunal partially allowed the appeal of the assessee in a transfer pricing adjustment dispute with its UK-based associate enterprise. The Tribunal upheld the use of Transactional Net Margin Method (TNMM) over Resale Price Method (RPM) and reduced ad hoc disallowances on various expenditures. Certain disallowances were deleted, and some issues were remanded for further verification by the Assessing Officer. Overall, the appeal was partly allowed in favor of the assessee. en-us Wed, 12 Sep 2018 00:00:00 +0530 Sat, 30 Mar 2019 06:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279663 The Tribunal partially allowed the appeal of the assessee in a transfer pricing adjustment dispute with its UK-based associate enterprise. The Tribunal upheld the use of Transactional Net Margin Method (TNMM) over Resale Price Method (RPM) and reduced ad hoc disallowances on various expenditures. Certain disallowances were deleted, and some issues were remanded for further verification by the Assessing Officer. Overall, the appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279663