https://www.taxtmi.com/caselaws?id=386652 The Tribunal quashed the assessment orders for A.Y. 2008-09 and 2009-10 as they were found to be barred by limitation under section 153(2A) of the Income-tax Act, 1961. For A.Y. 2010-11, the Tribunal directed the Assessing Officer to apply the Transactional Net Margin Method (TNMM) for determining the arm's length price of business support services, setting aside the assessment order and instructing verification of the comparables selected by the assessee. en-us Fri, 27 Sep 2019 00:00:00 +0530 Fri, 04 Oct 2019 11:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386652 The Tribunal quashed the assessment orders for A.Y. 2008-09 and 2009-10 as they were found to be barred by limitation under section 153(2A) of the Income-tax Act, 1961. For A.Y. 2010-11, the Tribunal directed the Assessing Officer to apply the Transactional Net Margin Method (TNMM) for determining the arm's length price of business support services, setting aside the assessment order and instructing verification of the comparables selected by the assessee. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386652