https://www.taxtmi.com/caselaws?id=294219 The Tribunal set aside the impugned order and remitted the matter to the AO/TPO for fresh determination of the Arm's Length Price (ALP) of international transactions. The Tribunal held that only direct costs should be considered in determining the ALP under the Resale Price Method (RPM) and excluded disputed comparables like Larsen and Toubro Ltd. and Siemens Ltd. The appeal was allowed for statistical purposes, emphasizing the need for correct method adoption in transfer pricing assessments. en-us Mon, 09 Dec 2019 00:00:00 +0530 Sat, 27 Mar 2021 07:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294219 The Tribunal set aside the impugned order and remitted the matter to the AO/TPO for fresh determination of the Arm's Length Price (ALP) of international transactions. The Tribunal held that only direct costs should be considered in determining the ALP under the Resale Price Method (RPM) and excluded disputed comparables like Larsen and Toubro Ltd. and Siemens Ltd. The appeal was allowed for statistical purposes, emphasizing the need for correct method adoption in transfer pricing assessments. Case-Laws Income Tax Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294219