https://www.taxtmi.com/caselaws?id=298097 The Tribunal allowed the appeal for statistical purposes, finding merit in the assessee's argument that the Resale Price Method (RPM) was the most appropriate method for benchmarking international transactions. The Tribunal set aside the Transfer Pricing Officer's (TPO) rejection of RPM and directed the TPO to re-determine the arm's length price using RPM. The Tribunal instructed the assessee to provide necessary details about comparables, allowing the TPO to search for fresh comparables if not provided. Penalty proceedings initiated by the TPO were not addressed in the Tribunal's decision. en-us Wed, 28 Aug 2019 00:00:00 +0530 Sun, 10 Oct 2021 12:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298097 The Tribunal allowed the appeal for statistical purposes, finding merit in the assessee's argument that the Resale Price Method (RPM) was the most appropriate method for benchmarking international transactions. The Tribunal set aside the Transfer Pricing Officer's (TPO) rejection of RPM and directed the TPO to re-determine the arm's length price using RPM. The Tribunal instructed the assessee to provide necessary details about comparables, allowing the TPO to search for fresh comparables if not provided. Penalty proceedings initiated by the TPO were not addressed in the Tribunal's decision. Case-Laws Income Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298097