https://www.taxtmi.com/caselaws?id=306306 The Tribunal dismissed the Revenue's appeal challenging the deletion of additions made by the Assessing Officer regarding the application of the TNMM method for benchmarking international transactions. The Tribunal upheld the TNMM method as the most appropriate, rejecting the CUP method used by the Tax Officer. It emphasized the consistent application of the TNMM method in the taxpayer's cases and previous court decisions supporting its use. The Tribunal's decision favored the taxpayer, emphasizing the inapplicability of the CUP method in the specific circumstances of the case. en-us Fri, 22 Jan 2021 00:00:00 +0530 Tue, 18 Apr 2023 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306306 The Tribunal dismissed the Revenue's appeal challenging the deletion of additions made by the Assessing Officer regarding the application of the TNMM method for benchmarking international transactions. The Tribunal upheld the TNMM method as the most appropriate, rejecting the CUP method used by the Tax Officer. It emphasized the consistent application of the TNMM method in the taxpayer's cases and previous court decisions supporting its use. The Tribunal's decision favored the taxpayer, emphasizing the inapplicability of the CUP method in the specific circumstances of the case. Case-Laws Income Tax Fri, 22 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306306