https://www.taxtmi.com/caselaws?id=294094 The Tribunal upheld the deletion of a Transfer Pricing adjustment challenged by the Revenue, directing benchmarking of manufacturing and trading activities separately using the TNMM method. The decision emphasized the need for accurate assessment of international transactions to comply with Transfer Pricing regulations. The Tribunal also affirmed the recognition of manufacturing activity by the assessee, remitting the issue for further assessment by the Assessing Officer/TPO. The Revenue's appeal was allowed for statistical purposes. en-us Tue, 18 Dec 2018 00:00:00 +0530 Sat, 20 Mar 2021 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294094 The Tribunal upheld the deletion of a Transfer Pricing adjustment challenged by the Revenue, directing benchmarking of manufacturing and trading activities separately using the TNMM method. The decision emphasized the need for accurate assessment of international transactions to comply with Transfer Pricing regulations. The Tribunal also affirmed the recognition of manufacturing activity by the assessee, remitting the issue for further assessment by the Assessing Officer/TPO. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294094