https://www.taxtmi.com/caselaws?id=427201 The ITAT allowed the appeal, finding that the Transfer Pricing Officer erred in determining the Arm's Length Price at "Nil" without proper benchmarking. The ITAT emphasized the necessity of using prescribed methods under the Income Tax Act and Rules. The provided evidence supported the receipt of India-specific services, contradicting the TPO's view. The decision requires a reassessment of the Arm's Length Price using appropriate benchmarking methods. en-us Wed, 03 Aug 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427201 The ITAT allowed the appeal, finding that the Transfer Pricing Officer erred in determining the Arm's Length Price at "Nil" without proper benchmarking. The ITAT emphasized the necessity of using prescribed methods under the Income Tax Act and Rules. The provided evidence supported the receipt of India-specific services, contradicting the TPO's view. The decision requires a reassessment of the Arm's Length Price using appropriate benchmarking methods. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427201