https://www.taxtmi.com/caselaws?id=395726 The Tribunal directed the Transfer Pricing Officer (TPO) to adopt the Transaction Net Margin Method (TNMM) as the most appropriate method, rejecting the use of Modicare Ltd as a comparable company. The TPO was instructed to reevaluate the international transactions using comparables selected by the assessee with suitable working capital adjustments. The appeal was partly allowed, with specific directions for reassessment of the transfer pricing adjustments. en-us Mon, 01 Jun 2020 00:00:00 +0530 Tue, 22 Sep 2020 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395726 The Tribunal directed the Transfer Pricing Officer (TPO) to adopt the Transaction Net Margin Method (TNMM) as the most appropriate method, rejecting the use of Modicare Ltd as a comparable company. The TPO was instructed to reevaluate the international transactions using comparables selected by the assessee with suitable working capital adjustments. The appeal was partly allowed, with specific directions for reassessment of the transfer pricing adjustments. Case-Laws Income Tax Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395726