https://www.taxtmi.com/caselaws?id=306206 The Tribunal condoned the delay in filing the appeal due to valid reasons and admitted it for adjudication. Regarding the transfer pricing analysis, the Tribunal upheld the use of internal Transactional Net Margin Method (TNMM) over external TNMM, directing the Assessing Officer to re-examine the issue under internal TNMM. The appeal was partially allowed for statistical purposes, emphasizing the need for consistent application of internal TNMM in benchmarking transactions with Associated Enterprises. en-us Wed, 24 Feb 2021 00:00:00 +0530 Tue, 17 Jan 2023 06:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306206 The Tribunal condoned the delay in filing the appeal due to valid reasons and admitted it for adjudication. Regarding the transfer pricing analysis, the Tribunal upheld the use of internal Transactional Net Margin Method (TNMM) over external TNMM, directing the Assessing Officer to re-examine the issue under internal TNMM. The appeal was partially allowed for statistical purposes, emphasizing the need for consistent application of internal TNMM in benchmarking transactions with Associated Enterprises. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306206