https://www.taxtmi.com/caselaws?id=408196 The ITAT admitted the additional grounds raised by the assessee under Rule 11 of the Income Tax (Appellate Tribunal) Rules, 1963, and directed that the Arm's Length Price (ALP) be determined using the Resale Price Method (RPM) as the Most Appropriate Method (MAM). This decision aligns with the assessee's business model of reselling products without significant value addition. The Tribunal's ruling was informed by established precedents and a comprehensive evaluation of relevant legal principles and facts, thereby allowing the assessee's appeals. en-us Tue, 04 May 2021 00:00:00 +0530 Sat, 26 Oct 2024 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408196 The ITAT admitted the additional grounds raised by the assessee under Rule 11 of the Income Tax (Appellate Tribunal) Rules, 1963, and directed that the Arm's Length Price (ALP) be determined using the Resale Price Method (RPM) as the Most Appropriate Method (MAM). This decision aligns with the assessee's business model of reselling products without significant value addition. The Tribunal's ruling was informed by established precedents and a comprehensive evaluation of relevant legal principles and facts, thereby allowing the assessee's appeals. Case-Laws Income Tax Tue, 04 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408196