https://www.taxtmi.com/caselaws?id=436833 The Supreme Court held that the determination of Arm's Length Price (ALP) by the Tribunal is subject to judicial scrutiny under Section 260A of the Income Tax Act. The Court rejected the notion that ALP determinations by the Tribunal are beyond review and remitted the cases back to the High Courts for fresh consideration. The High Courts are directed to assess whether the Tribunal adhered to the guidelines under the Act and Rules and determine if the findings are perverse. The Supreme Court did not delve into the merits of the cases or express opinions on the ALP determinations. All appeals were allowed, and no costs were awarded. en-us Wed, 19 Apr 2023 00:00:00 +0530 Tue, 11 Feb 2025 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436833 The Supreme Court held that the determination of Arm's Length Price (ALP) by the Tribunal is subject to judicial scrutiny under Section 260A of the Income Tax Act. The Court rejected the notion that ALP determinations by the Tribunal are beyond review and remitted the cases back to the High Courts for fresh consideration. The High Courts are directed to assess whether the Tribunal adhered to the guidelines under the Act and Rules and determine if the findings are perverse. The Supreme Court did not delve into the merits of the cases or express opinions on the ALP determinations. All appeals were allowed, and no costs were awarded. Case-Laws Income Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436833