https://www.taxtmi.com/caselaws?id=412355 The Tribunal allowed both appeals, deleting the adjustments for transfer pricing concerning the purchase of castor meal and the transfer of electricity. The Tribunal upheld the Resale Price Method (RPM) for the castor meal transaction, finding the transaction at arm's length even under the Comparable Uncontrolled Price (CUP) method. For the electricity transfer, the Tribunal held that the market value should be the rate at which electricity is sold to customers, overturning the adjustment made by the Transfer Pricing Officer and the Commissioner (Appeals). en-us Tue, 14 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412355 The Tribunal allowed both appeals, deleting the adjustments for transfer pricing concerning the purchase of castor meal and the transfer of electricity. The Tribunal upheld the Resale Price Method (RPM) for the castor meal transaction, finding the transaction at arm's length even under the Comparable Uncontrolled Price (CUP) method. For the electricity transfer, the Tribunal held that the market value should be the rate at which electricity is sold to customers, overturning the adjustment made by the Transfer Pricing Officer and the Commissioner (Appeals). Case-Laws Income Tax Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412355