https://www.taxtmi.com/caselaws?id=429498 The HC dismissed the appellant's income tax appeal challenging a transfer pricing adjustment by the ITAT for the Assessment Year 2008-09. The appellant contended that the ITAT erred in applying the comparable uncontrolled price method and determining the arm's length price at 'Nil' without proper comparables or considering their analysis. The court upheld the ITAT's decision, noting the appellant's failure to provide evidence of receiving administrative services from the associated enterprise. It emphasized that each assessment year is treated separately and found no substantial questions of law to justify overturning the ITAT's ruling. en-us Tue, 27 Sep 2022 00:00:00 +0530 Mon, 05 Feb 2024 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429498 The HC dismissed the appellant's income tax appeal challenging a transfer pricing adjustment by the ITAT for the Assessment Year 2008-09. The appellant contended that the ITAT erred in applying the comparable uncontrolled price method and determining the arm's length price at 'Nil' without proper comparables or considering their analysis. The court upheld the ITAT's decision, noting the appellant's failure to provide evidence of receiving administrative services from the associated enterprise. It emphasized that each assessment year is treated separately and found no substantial questions of law to justify overturning the ITAT's ruling. Case-Laws Income Tax Tue, 27 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429498