https://www.taxtmi.com/caselaws?id=436430 The Tribunal upheld the Transfer Pricing Officer's determination of the arm's length price (ALP) of fixed assets imported from associated enterprises at NIL, resulting in a transfer pricing adjustment of Rs. 1.15 crores. Despite the assessee's arguments, the Tribunal found no evidence supporting an alternative ALP, affirming the lower authorities' decisions. The appeal was dismissed, confirming the transfer pricing adjustment related to the import of fixed assets. en-us Fri, 13 Jan 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436430 The Tribunal upheld the Transfer Pricing Officer's determination of the arm's length price (ALP) of fixed assets imported from associated enterprises at NIL, resulting in a transfer pricing adjustment of Rs. 1.15 crores. Despite the assessee's arguments, the Tribunal found no evidence supporting an alternative ALP, affirming the lower authorities' decisions. The appeal was dismissed, confirming the transfer pricing adjustment related to the import of fixed assets. Case-Laws Income Tax Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436430