https://www.taxtmi.com/caselaws?id=305714 The Tribunal upheld the decision of the ld. CIT(A) in accepting the internal TNMM and dismissed the revenue's appeal as infructuous. The Tribunal found no error in the directions given by the ld. CIT(A) regarding the determination of ALP of international transactions with AE based on net margins earned. Additionally, despite the absence of segment reporting in the taxpayer's financials and the lack of appearance by the assessee during hearings, the Tribunal disposed of the appeal on its merits, upholding the decision of the ld. CIT(A) and deeming the revenue's appeal infructuous. en-us Mon, 10 Jan 2022 00:00:00 +0530 Wed, 21 Dec 2022 14:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305714 The Tribunal upheld the decision of the ld. CIT(A) in accepting the internal TNMM and dismissed the revenue's appeal as infructuous. The Tribunal found no error in the directions given by the ld. CIT(A) regarding the determination of ALP of international transactions with AE based on net margins earned. Additionally, despite the absence of segment reporting in the taxpayer's financials and the lack of appearance by the assessee during hearings, the Tribunal disposed of the appeal on its merits, upholding the decision of the ld. CIT(A) and deeming the revenue's appeal infructuous. Case-Laws Income Tax Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305714