https://www.taxtmi.com/caselaws?id=291942 The ITAT allowed the appeal of the assessee, directing the TPO to accept the internal CUP and internal TNMM methods as the most appropriate methods for benchmarking the international transactions. The ITAT also instructed the TPO to reconsider the selection of comparable companies in line with the assessee's suggestions. Consequently, the issues of consequential interest and penalty proceedings were rendered moot, as they depended on the primary transfer pricing adjustment. en-us Mon, 13 May 2019 00:00:00 +0530 Tue, 01 Dec 2020 15:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291942 The ITAT allowed the appeal of the assessee, directing the TPO to accept the internal CUP and internal TNMM methods as the most appropriate methods for benchmarking the international transactions. The ITAT also instructed the TPO to reconsider the selection of comparable companies in line with the assessee's suggestions. Consequently, the issues of consequential interest and penalty proceedings were rendered moot, as they depended on the primary transfer pricing adjustment. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291942