https://www.taxtmi.com/caselaws?id=379446 The Tribunal allowed the appeal, holding that the application of the Comparable Uncontrolled Price (CUP) method was not justified due to significant differences in economic circumstances and contractual terms. The Tribunal upheld the use of the Transactional Net Margin Method (TNMM) adopted by the assessee and deleted the impugned Arm's Length Price (ALP) adjustment. Consequently, all other issues raised in the appeal were rendered infructuous. en-us Tue, 12 Feb 2019 00:00:00 +0530 Thu, 02 May 2019 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379446 The Tribunal allowed the appeal, holding that the application of the Comparable Uncontrolled Price (CUP) method was not justified due to significant differences in economic circumstances and contractual terms. The Tribunal upheld the use of the Transactional Net Margin Method (TNMM) adopted by the assessee and deleted the impugned Arm's Length Price (ALP) adjustment. Consequently, all other issues raised in the appeal were rendered infructuous. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379446