https://www.taxtmi.com/caselaws?id=403090 The appeal was partly allowed, with the tribunal upholding the use of the Transactional Net Margin Method (TNMM) as the most appropriate method for Transfer Pricing. The Resale Price Method (RPM) was rejected due to lack of comparability and other operational costs incurred by the appellant. The issue of fresh search for comparables was remanded back to the Transfer Pricing Officer (TPO) for verification, and the computation of correct margins. The tribunal dismissed the grounds related to levying interest under sections 234B, 234C, and 234D as consequential. en-us Fri, 15 Jan 2021 00:00:00 +0530 Tue, 19 Jan 2021 10:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403090 The appeal was partly allowed, with the tribunal upholding the use of the Transactional Net Margin Method (TNMM) as the most appropriate method for Transfer Pricing. The Resale Price Method (RPM) was rejected due to lack of comparability and other operational costs incurred by the appellant. The issue of fresh search for comparables was remanded back to the Transfer Pricing Officer (TPO) for verification, and the computation of correct margins. The tribunal dismissed the grounds related to levying interest under sections 234B, 234C, and 234D as consequential. Case-Laws Income Tax Fri, 15 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403090