https://www.taxtmi.com/caselaws?id=393281 The Tribunal held that Sovereign Ship Management Ltd, UK and Premier Ship Management Ltd, UK cannot be deemed associated enterprises (AEs) of the assessee under Section 92A(2)(c) of the Income Tax Act. Consequently, no adjustment to the Arm's Length Price (ALP) in respect of transactions with these entities was necessary. The appeal of the assessee was partly allowed, and other grounds on the merits of the case were deemed academic. en-us Thu, 05 Mar 2020 00:00:00 +0530 Wed, 11 Mar 2020 09:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393281 The Tribunal held that Sovereign Ship Management Ltd, UK and Premier Ship Management Ltd, UK cannot be deemed associated enterprises (AEs) of the assessee under Section 92A(2)(c) of the Income Tax Act. Consequently, no adjustment to the Arm's Length Price (ALP) in respect of transactions with these entities was necessary. The appeal of the assessee was partly allowed, and other grounds on the merits of the case were deemed academic. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393281