https://www.taxtmi.com/caselaws?id=396990 The Tribunal ruled in favor of the assessee, holding that the Transfer Pricing Officer was unjustified in rejecting the Comparable Uncontrolled Price (CUP) method and making adjustments based on the Transactional Net Margin Method (TNMM). The Tribunal directed the deletion of the transfer pricing adjustments and remanded the issue of set-off of previous years' losses for verification by the Assessing Officer. The decision reinforced the acceptance of the CUP method based on industry norms and previous judicial rulings. en-us Fri, 17 Jul 2020 00:00:00 +0530 Wed, 29 Jul 2020 14:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396990 The Tribunal ruled in favor of the assessee, holding that the Transfer Pricing Officer was unjustified in rejecting the Comparable Uncontrolled Price (CUP) method and making adjustments based on the Transactional Net Margin Method (TNMM). The Tribunal directed the deletion of the transfer pricing adjustments and remanded the issue of set-off of previous years' losses for verification by the Assessing Officer. The decision reinforced the acceptance of the CUP method based on industry norms and previous judicial rulings. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396990