https://www.taxtmi.com/caselaws?id=395597 The Tribunal allowed the appeal by rejecting the Transfer Pricing Officer's adoption of the Transactional Net Margin Method over the Cost Plus Method for determining the Arm's Length Price. The Tribunal found the TPO did not follow proper procedure in justifying the method change, leading to the deletion of the ALP adjustment. Additionally, the delay in pronouncement of the order due to the COVID-19 lockdown was deemed justified, resulting in the appeal being allowed. en-us Wed, 27 May 2020 00:00:00 +0530 Fri, 29 May 2020 11:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395597 The Tribunal allowed the appeal by rejecting the Transfer Pricing Officer's adoption of the Transactional Net Margin Method over the Cost Plus Method for determining the Arm's Length Price. The Tribunal found the TPO did not follow proper procedure in justifying the method change, leading to the deletion of the ALP adjustment. Additionally, the delay in pronouncement of the order due to the COVID-19 lockdown was deemed justified, resulting in the appeal being allowed. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395597