https://www.taxtmi.com/caselaws?id=441345 The Tribunal upheld the Transfer Pricing Officer's decision to enhance the appellant's income by Rs. 18,57,18,810, as the international transactions with Associated Enterprises did not meet the Arm's Length Principle. The rejection of the Comparable Uncontrolled Price analysis in favor of Custom Authorities data was affirmed, emphasizing the reliability of customs data. The Tribunal supported the use of customs data for pricing comparisons and condoned the appeal delay due to Covid-19. Ultimately, the Tribunal dismissed the appeal, endorsing the TPO and DRP's findings on income enhancement based on customs data analysis. en-us Wed, 15 Mar 2023 00:00:00 +0530 Mon, 09 Oct 2023 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441345 The Tribunal upheld the Transfer Pricing Officer's decision to enhance the appellant's income by Rs. 18,57,18,810, as the international transactions with Associated Enterprises did not meet the Arm's Length Principle. The rejection of the Comparable Uncontrolled Price analysis in favor of Custom Authorities data was affirmed, emphasizing the reliability of customs data. The Tribunal supported the use of customs data for pricing comparisons and condoned the appeal delay due to Covid-19. Ultimately, the Tribunal dismissed the appeal, endorsing the TPO and DRP's findings on income enhancement based on customs data analysis. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441345