https://www.taxtmi.com/caselaws?id=408175 The Tribunal found that specific services requiring payment were availed by the assessee under an Administrative Service Agreement with TACO, rejecting the Taxation Officer's determination of Nil Arm's Length Price (ALP). The Tribunal criticized the application of the Comparable Uncontrolled Price (CUP) method and other methods by both parties, remitting the matter for a fresh determination of ALP by the Taxation Officer, allowing the assessee to present new evidence. The appeal was allowed for statistical purposes, with the order pronounced on 31st May 2021. en-us Mon, 31 May 2021 00:00:00 +0530 Wed, 02 Jun 2021 08:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408175 The Tribunal found that specific services requiring payment were availed by the assessee under an Administrative Service Agreement with TACO, rejecting the Taxation Officer's determination of Nil Arm's Length Price (ALP). The Tribunal criticized the application of the Comparable Uncontrolled Price (CUP) method and other methods by both parties, remitting the matter for a fresh determination of ALP by the Taxation Officer, allowing the assessee to present new evidence. The appeal was allowed for statistical purposes, with the order pronounced on 31st May 2021. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408175