https://www.taxtmi.com/caselaws?id=287669 The Tribunal set aside the authorities' orders determining the arm's length price at nil, ruling in favor of the appellant. The Tribunal emphasized that the Transfer Pricing Officer must apply one of the prescribed methods under Section 92C to determine the arm's length price. The appeal was partly allowed, with the Tribunal finding that the TPO exceeded his jurisdiction by applying the benefit test, which is the AO's domain. The TPO's rejection of the appellant's economic analysis without applying any prescribed method was deemed unjustified. en-us Wed, 08 Jan 2020 00:00:00 +0530 Mon, 27 Apr 2020 08:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287669 The Tribunal set aside the authorities' orders determining the arm's length price at nil, ruling in favor of the appellant. The Tribunal emphasized that the Transfer Pricing Officer must apply one of the prescribed methods under Section 92C to determine the arm's length price. The appeal was partly allowed, with the Tribunal finding that the TPO exceeded his jurisdiction by applying the benefit test, which is the AO's domain. The TPO's rejection of the appellant's economic analysis without applying any prescribed method was deemed unjustified. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287669