https://www.taxtmi.com/caselaws?id=427412 The Tribunal directed the Transfer Pricing Officer to reconsider the determination of the Arm's Length Price using either the Comparable Uncontrolled Price or Resale Price Method, criticizing the adoption of Transactional Net Margin Method. It remanded the disallowed provision for warranty expenses back to the Assessing Officer for further examination based on historical data. The Tribunal also instructed the Assessing Officer to allow deductions for employees' contributions to PF & ESI made before the due date for filing the return, in accordance with legal amendments. en-us Wed, 07 Sep 2022 00:00:00 +0530 Wed, 07 Sep 2022 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427412 The Tribunal directed the Transfer Pricing Officer to reconsider the determination of the Arm's Length Price using either the Comparable Uncontrolled Price or Resale Price Method, criticizing the adoption of Transactional Net Margin Method. It remanded the disallowed provision for warranty expenses back to the Assessing Officer for further examination based on historical data. The Tribunal also instructed the Assessing Officer to allow deductions for employees' contributions to PF & ESI made before the due date for filing the return, in accordance with legal amendments. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427412