https://www.taxtmi.com/caselaws?id=435520 The Tribunal allowed the Assessee's appeal on the transfer pricing adjustment, ruling in favor of the Transactional Net Margin Method (TNMM) over the Comparable Uncontrolled Price (CUP) method. The Tribunal directed the Assessing Officer to address pending rectification applications within three months for other issues, including taxability of interest on income-tax refund, non-reduction of interest received from overseas branches, short grant of TDS credit, and excess withdrawal of interest under Section 244A(3), allowing the appeals for statistical purposes. The Tribunal emphasized adherence to natural justice and consistency with previous rulings. en-us Fri, 25 Nov 2022 00:00:00 +0530 Wed, 22 Mar 2023 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435520 The Tribunal allowed the Assessee's appeal on the transfer pricing adjustment, ruling in favor of the Transactional Net Margin Method (TNMM) over the Comparable Uncontrolled Price (CUP) method. The Tribunal directed the Assessing Officer to address pending rectification applications within three months for other issues, including taxability of interest on income-tax refund, non-reduction of interest received from overseas branches, short grant of TDS credit, and excess withdrawal of interest under Section 244A(3), allowing the appeals for statistical purposes. The Tribunal emphasized adherence to natural justice and consistency with previous rulings. Case-Laws Income Tax Fri, 25 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435520