https://www.taxtmi.com/caselaws?id=391648 The Tribunal concluded that the Comparable Uncontrolled Price (CUP) method should be applied as the Most Appropriate Method (MAM) for determining the Arm's Length Price (ALP) for transactions involving raw material purchases from associated enterprises, consistent with prior years. The Tribunal set aside the ALP determination issue and consequential adjustments, directing the Assessing Officer/Transfer Pricing Officer to re-adjudicate after giving the assessee an opportunity for a hearing. The appeal was partly allowed for statistical purposes. en-us Fri, 31 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 13:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391648 The Tribunal concluded that the Comparable Uncontrolled Price (CUP) method should be applied as the Most Appropriate Method (MAM) for determining the Arm's Length Price (ALP) for transactions involving raw material purchases from associated enterprises, consistent with prior years. The Tribunal set aside the ALP determination issue and consequential adjustments, directing the Assessing Officer/Transfer Pricing Officer to re-adjudicate after giving the assessee an opportunity for a hearing. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391648