https://www.taxtmi.com/caselaws?id=404341 The Tribunal allowed the appeal by the assessee, deleting the Transfer Pricing adjustment of Rs. 2,24,50,358/- for the assessment year 2012-13. This decision was consistent with earlier rulings for the assessment years 2011-12 and 2013-14, where the Tribunal found the assessee had provided substantial evidence to support the services received from its Associated Enterprises. The Tribunal emphasized that the Transfer Pricing Officer must follow prescribed methods and cannot determine the Arm's Length Price at nil without proper assessment. en-us Wed, 03 Feb 2021 00:00:00 +0530 Sat, 20 Feb 2021 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404341 The Tribunal allowed the appeal by the assessee, deleting the Transfer Pricing adjustment of Rs. 2,24,50,358/- for the assessment year 2012-13. This decision was consistent with earlier rulings for the assessment years 2011-12 and 2013-14, where the Tribunal found the assessee had provided substantial evidence to support the services received from its Associated Enterprises. The Tribunal emphasized that the Transfer Pricing Officer must follow prescribed methods and cannot determine the Arm's Length Price at nil without proper assessment. Case-Laws Income Tax Wed, 03 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404341