https://www.taxtmi.com/caselaws?id=306392 The Tribunal partly allowed the appeal by the assessee, remitting the issue of underutilization of manufacturing capacities to the Transfer Pricing Officer for fresh adjudication. The Tribunal upheld the adoption of the Transaction Net Margin Method (TNMM) over the Comparable Uncontrolled Price (CUP) method, the selection of comparable companies, and the disallowance of IT Support and Maintenance charges as prior period expenses. en-us Wed, 22 Sep 2021 00:00:00 +0530 Thu, 26 Jan 2023 17:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306392 The Tribunal partly allowed the appeal by the assessee, remitting the issue of underutilization of manufacturing capacities to the Transfer Pricing Officer for fresh adjudication. The Tribunal upheld the adoption of the Transaction Net Margin Method (TNMM) over the Comparable Uncontrolled Price (CUP) method, the selection of comparable companies, and the disallowance of IT Support and Maintenance charges as prior period expenses. Case-Laws Income Tax Wed, 22 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306392