https://www.taxtmi.com/caselaws?id=306143 The Court allowed the assessee's appeal for the relevant assessment year 2008-09, ruling in favor of the assessee regarding Arm's Length Price adjustments in mirror transactions under Section 92(3) of the Income Tax Act. The Court emphasized that substantial questions of law must be raised for appeals under Section 260-A, dismissing the Revenue's appeal based on dissatisfaction with the Tribunal's factual findings alone. The judgment clarifies the requirements for maintaining appeals under Section 260-A and provides insights into Transfer Pricing regulations concerning ALP adjustments and mirror transactions. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 12 Jan 2023 21:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306143 The Court allowed the assessee's appeal for the relevant assessment year 2008-09, ruling in favor of the assessee regarding Arm's Length Price adjustments in mirror transactions under Section 92(3) of the Income Tax Act. The Court emphasized that substantial questions of law must be raised for appeals under Section 260-A, dismissing the Revenue's appeal based on dissatisfaction with the Tribunal's factual findings alone. The judgment clarifies the requirements for maintaining appeals under Section 260-A and provides insights into Transfer Pricing regulations concerning ALP adjustments and mirror transactions. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306143