https://www.taxtmi.com/caselaws?id=290744 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on all issues. It upheld the use of the CUP method for determining the ALP, rejecting the TNMM as proposed by the AO. The Tribunal also confirmed that losses in the derivative segment were not speculative and trading expenses were not attributed to speculative business. The Tribunal emphasized the necessity for cogent material and a proper basis when rejecting established methods and classifications used by the assessee. en-us Mon, 06 Jan 2020 00:00:00 +0530 Wed, 13 Nov 2024 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290744 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on all issues. It upheld the use of the CUP method for determining the ALP, rejecting the TNMM as proposed by the AO. The Tribunal also confirmed that losses in the derivative segment were not speculative and trading expenses were not attributed to speculative business. The Tribunal emphasized the necessity for cogent material and a proper basis when rejecting established methods and classifications used by the assessee. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290744