https://www.taxtmi.com/caselaws?id=431432 The appellate tribunal ruled in favor of the appellant, CLSA India Ltd, holding that the Transactional Net Margin Method (TNMM) was the most appropriate method for determining the arm's length price of brokerage services. The tribunal directed the deletion of adjustments proposed by the Transfer Pricing Officer and Commissioner of Income Tax (Appeals), allowing the appeal. Other grounds of appeal were considered academic and not addressed. The decision was issued on 28.06.2022. en-us Tue, 28 Jun 2022 00:00:00 +0530 Tue, 13 Dec 2022 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431432 The appellate tribunal ruled in favor of the appellant, CLSA India Ltd, holding that the Transactional Net Margin Method (TNMM) was the most appropriate method for determining the arm's length price of brokerage services. The tribunal directed the deletion of adjustments proposed by the Transfer Pricing Officer and Commissioner of Income Tax (Appeals), allowing the appeal. Other grounds of appeal were considered academic and not addressed. The decision was issued on 28.06.2022. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431432