https://www.taxtmi.com/caselaws?id=287779 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's order related to the Assessment Year 2006-07 under Section 260A of the Income Tax Act, 1961. The issue revolved around the interpretation of the Arms Length Principle in International Transactions and Transfer Pricing Adjustment for Associated Enterprises. The Court upheld previous decisions stating that Transfer Pricing Adjustment should only apply to transactions with Associated Enterprises and not all entity transactions. The appeal was dismissed as it did not raise any substantial question of law based on precedent, with no order as to costs. en-us Fri, 09 Dec 2016 00:00:00 +0530 Thu, 14 May 2020 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287779 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's order related to the Assessment Year 2006-07 under Section 260A of the Income Tax Act, 1961. The issue revolved around the interpretation of the Arms Length Principle in International Transactions and Transfer Pricing Adjustment for Associated Enterprises. The Court upheld previous decisions stating that Transfer Pricing Adjustment should only apply to transactions with Associated Enterprises and not all entity transactions. The appeal was dismissed as it did not raise any substantial question of law based on precedent, with no order as to costs. Case-Laws Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287779