https://www.taxtmi.com/caselaws?id=285155 The Tribunal concluded that the Transactional Net Margin Method (TNMM) with 'Berry ratio' as Profit Level Indicator (PLI) was the most appropriate method for determining the arm's length price of indenting transactions. The disallowance of legal and professional charges and the addition on account of bad debts were deleted. The matter was remanded to the Transfer Pricing Officer (TPO) to benchmark the international transactions using TNMM and 'Berry ratio'. The appeals were partly allowed for statistical purposes. en-us Mon, 22 Oct 2018 00:00:00 +0530 Tue, 31 Dec 2019 10:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285155 The Tribunal concluded that the Transactional Net Margin Method (TNMM) with 'Berry ratio' as Profit Level Indicator (PLI) was the most appropriate method for determining the arm's length price of indenting transactions. The disallowance of legal and professional charges and the addition on account of bad debts were deleted. The matter was remanded to the Transfer Pricing Officer (TPO) to benchmark the international transactions using TNMM and 'Berry ratio'. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285155