https://www.taxtmi.com/caselaws?id=289404 The Income Tax Appellate Tribunal (ITAT) upheld the consistent application of the Transactional Net Margin Method (TNMM) for transfer pricing benchmarking, rejecting the Transfer Pricing Officer's (TPO) adoption of the Comparable Uncontrolled Price (CUP) method without sufficient justification. The ITAT dismissed the Revenue's appeal and allowed the assessee's appeals, emphasizing that a change in the method should be supported by changes in facts or law, as per precedents like Omni Active Health Technologies Ltd. and Glenmark Pharmaceuticals Ltd. Adjustment for tax deducted at source was also addressed in the assessee's favor. en-us Wed, 20 Nov 2019 00:00:00 +0530 Wed, 29 Jul 2020 12:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289404 The Income Tax Appellate Tribunal (ITAT) upheld the consistent application of the Transactional Net Margin Method (TNMM) for transfer pricing benchmarking, rejecting the Transfer Pricing Officer's (TPO) adoption of the Comparable Uncontrolled Price (CUP) method without sufficient justification. The ITAT dismissed the Revenue's appeal and allowed the assessee's appeals, emphasizing that a change in the method should be supported by changes in facts or law, as per precedents like Omni Active Health Technologies Ltd. and Glenmark Pharmaceuticals Ltd. Adjustment for tax deducted at source was also addressed in the assessee's favor. Case-Laws Income Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289404