https://www.taxtmi.com/caselaws?id=439003 Where transfer pricing support for reimbursement of expenses was incomplete and the nature of cross-charging was not adequately established, the adjustment at nil arm's length price was not finally sustained and the matter was remanded for fresh verification. Where foreign exchange loss evidence was furnished in detail, including transaction and invoice particulars, the disallowance was also set aside for de novo examination because the claim had not been properly verified. The appeal was disposed of with directions for reconsideration on both issues. en-us Mon, 12 Jun 2023 00:00:00 +0530 Wed, 13 Mar 2024 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439003 Where transfer pricing support for reimbursement of expenses was incomplete and the nature of cross-charging was not adequately established, the adjustment at nil arm's length price was not finally sustained and the matter was remanded for fresh verification. Where foreign exchange loss evidence was furnished in detail, including transaction and invoice particulars, the disallowance was also set aside for de novo examination because the claim had not been properly verified. The appeal was disposed of with directions for reconsideration on both issues. Case-Laws Income Tax Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439003