https://www.taxtmi.com/highlights?id=56670 TP Adjustment - tested party for the purpose of determination of Arm's Length Price - Revenue seeks to pin the assessee based upon the auditor's certification as filed in Form 3CED. As could be seen from the statutory form, it pertains only to the transactional claims and has got nothing to do with a tested party. The revenue cannot compare the case of the assessee with that of the assessee who fails to claim in his return of income a deduction or a benefit which he would be otherwise entitled to. - HC en-us Wed, 10 Feb 2021 13:01:20 +0530 Wed, 10 Feb 2021 13:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56670 TP Adjustment - tested party for the purpose of determination of Arm's Length Price - Revenue seeks to pin the assessee based upon the auditor's certification as filed in Form 3CED. As could be seen from the statutory form, it pertains only to the transactional claims and has got nothing to do with a tested party. The revenue cannot compare the case of the assessee with that of the assessee who fails to claim in his return of income a deduction or a benefit which he would be otherwise entitled to. - HC Highlights Income Tax Wed, 10 Feb 2021 13:01:20 +0530 https://www.taxtmi.com/highlights?id=56670