https://www.taxtmi.com/caselaws?id=294535 The Tribunal directed for a re-examination and fresh adjudication of issues related to the arm's length price of export transactions and intra-group services, emphasizing adherence to prescribed methods and proper adjustments. It also addressed procedural aspects regarding the levy of interest and penalty proceedings, ensuring compliance with statutory provisions. The Tribunal found the Transfer Pricing Officer's approach in applying the Comparable Uncontrolled Price method selective and inadequate, leading to the restoration of the issue for proper consideration. The adjustment made on account of payment towards intra-group services was deemed unsustainable, and the Tribunal deleted the addition by the Assessing Officer. en-us Fri, 23 Oct 2020 00:00:00 +0530 Mon, 19 Apr 2021 20:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294535 The Tribunal directed for a re-examination and fresh adjudication of issues related to the arm's length price of export transactions and intra-group services, emphasizing adherence to prescribed methods and proper adjustments. It also addressed procedural aspects regarding the levy of interest and penalty proceedings, ensuring compliance with statutory provisions. The Tribunal found the Transfer Pricing Officer's approach in applying the Comparable Uncontrolled Price method selective and inadequate, leading to the restoration of the issue for proper consideration. The adjustment made on account of payment towards intra-group services was deemed unsustainable, and the Tribunal deleted the addition by the Assessing Officer. Case-Laws Income Tax Fri, 23 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294535