https://www.taxtmi.com/caselaws?id=417682 The ITAT upheld the CIT(A)'s decision to apply the internal Transactional Net Margin Method (TNMM) as the most appropriate method for determining the arm's length price (ALP) of international transactions. The ITAT emphasized the reliability of internal comparables over external ones, citing previous decisions and dismissed the revenue's appeals and the assessee's cross-objections. The judgment was pronounced on November 29, 2021. en-us Mon, 29 Nov 2021 00:00:00 +0530 Sat, 29 Jan 2022 08:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417682 The ITAT upheld the CIT(A)'s decision to apply the internal Transactional Net Margin Method (TNMM) as the most appropriate method for determining the arm's length price (ALP) of international transactions. The ITAT emphasized the reliability of internal comparables over external ones, citing previous decisions and dismissed the revenue's appeals and the assessee's cross-objections. The judgment was pronounced on November 29, 2021. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417682