https://www.taxtmi.com/caselaws?id=292145 The Tribunal deleted the upward adjustment of Rs. 2,78,02,502 made by the Assessing Officer and Transfer Pricing Officer, finding the TNMM applied by the assessee as the most appropriate method for determining the Arm's Length Price due to significant differences in economic circumstances and contractual terms. The High Court upheld the Tribunal's decision, dismissing Revenue's appeals as no substantial question of law arose. en-us Mon, 03 Feb 2020 00:00:00 +0530 Tue, 08 Dec 2020 10:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292145 The Tribunal deleted the upward adjustment of Rs. 2,78,02,502 made by the Assessing Officer and Transfer Pricing Officer, finding the TNMM applied by the assessee as the most appropriate method for determining the Arm's Length Price due to significant differences in economic circumstances and contractual terms. The High Court upheld the Tribunal's decision, dismissing Revenue's appeals as no substantial question of law arose. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292145