https://www.taxtmi.com/caselaws?id=280256 In intra-group service transfer pricing, TNMM was preferred over CUP because the services were closely linked to the assessee's core exploration and production business, and the matter was remanded for fresh benchmarking after giving the assessee an opportunity. On expenses, branch office costs, non-producing PSC expenditure, foreign exchange loss, head office expenditure, inventory write-off, depreciation and depletion, additional depreciation, TDS credit, and section 234B interest were generally accepted as allowable or subject to recomputation, with verification directed where supporting material was needed. Transportation loss and certain related claims were also sent back for fresh verification. The appeal was partly allowed with substantial relief to the assessee. en-us Tue, 17 Jul 2018 00:00:00 +0530 Sat, 27 Apr 2019 06:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280256 In intra-group service transfer pricing, TNMM was preferred over CUP because the services were closely linked to the assessee's core exploration and production business, and the matter was remanded for fresh benchmarking after giving the assessee an opportunity. On expenses, branch office costs, non-producing PSC expenditure, foreign exchange loss, head office expenditure, inventory write-off, depreciation and depletion, additional depreciation, TDS credit, and section 234B interest were generally accepted as allowable or subject to recomputation, with verification directed where supporting material was needed. Transportation loss and certain related claims were also sent back for fresh verification. The appeal was partly allowed with substantial relief to the assessee. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280256