https://www.taxtmi.com/caselaws?id=294967 The Tribunal upheld the jurisdiction of Transfer Pricing proceedings under section 92CA(1) of the Income-tax Act and proceeded with the substantive issues of the appeal. The income was assessed at INR 1,74,66,480 with an upward adjustment of INR 8,88,53,258 by the TPO. The rejection of the CUP method in favor of the TNMM method for determining the arm's length price was affirmed. The Tribunal directed a re-evaluation considering the internal TNMM analysis and adjustments claimed by the assessee, remitting the matter back to the TPO/AO for a fresh determination. en-us Tue, 05 Jun 2018 00:00:00 +0530 Thu, 13 May 2021 08:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294967 The Tribunal upheld the jurisdiction of Transfer Pricing proceedings under section 92CA(1) of the Income-tax Act and proceeded with the substantive issues of the appeal. The income was assessed at INR 1,74,66,480 with an upward adjustment of INR 8,88,53,258 by the TPO. The rejection of the CUP method in favor of the TNMM method for determining the arm's length price was affirmed. The Tribunal directed a re-evaluation considering the internal TNMM analysis and adjustments claimed by the assessee, remitting the matter back to the TPO/AO for a fresh determination. Case-Laws Income Tax Tue, 05 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294967