https://www.taxtmi.com/caselaws?id=308061 An appeal filed after a delay of 670 days was found to lack sufficient cause, so the delay was not condoned and the appeal could not proceed on that basis. In the transfer pricing dispute, where the facts were materially similar to earlier proceedings between the same parties, the Court's earlier directions were treated as applicable. The Transfer Pricing Officer was required to follow those directions, consider Rule 10B of the Income-tax Rules, 1962, and apply the transactional net margin method in the arm's length price exercise. en-us Wed, 21 Sep 2016 00:00:00 +0530 Sat, 27 May 2023 09:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308061 An appeal filed after a delay of 670 days was found to lack sufficient cause, so the delay was not condoned and the appeal could not proceed on that basis. In the transfer pricing dispute, where the facts were materially similar to earlier proceedings between the same parties, the Court's earlier directions were treated as applicable. The Transfer Pricing Officer was required to follow those directions, consider Rule 10B of the Income-tax Rules, 1962, and apply the transactional net margin method in the arm's length price exercise. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308061