https://www.taxtmi.com/caselaws?id=280103 The ITAT partially agreed with the assessee that the TPO's original order was erroneous but disagreed with the CIT(A) that no adjustment could be made. The ITAT remitted the matter back to the AO to correctly apply the TNMM method and calculate the average net profit, considering controlled and uncontrolled sales. The assessee should be given a fair hearing opportunity. All appeals were allowed for statistical purposes. Order pronounced on February 23, 2010. en-us Tue, 23 Feb 2010 00:00:00 +0530 Sat, 20 Apr 2019 11:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280103 The ITAT partially agreed with the assessee that the TPO's original order was erroneous but disagreed with the CIT(A) that no adjustment could be made. The ITAT remitted the matter back to the AO to correctly apply the TNMM method and calculate the average net profit, considering controlled and uncontrolled sales. The assessee should be given a fair hearing opportunity. All appeals were allowed for statistical purposes. Order pronounced on February 23, 2010. Case-Laws Income Tax Tue, 23 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280103