https://www.taxtmi.com/caselaws?id=451287 The ITAT Delhi ruled in favor of the assessee in a transfer pricing dispute involving edible oil trading. The TPO rejected the assessee's "other method" using market quotations from brokerage houses/associations/exchanges and applied TNMM with manufacturing comparables instead of trading comparables. The ITAT held that the assessee correctly applied the other method using available market quotes from multiple sources including Murgi Meghan, Sunvin Group, Malaysian Palm Oil and Solvent Extractors. The difference of Rs. 97,36,699 was considered miniscule against total international transactions of Rs. 729 crores. The TPO failed to properly analyze the contemporaneous transfer pricing documentation prepared by the assessee. en-us Thu, 21 Mar 2024 00:00:00 +0530 Sat, 02 May 2026 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451287 The ITAT Delhi ruled in favor of the assessee in a transfer pricing dispute involving edible oil trading. The TPO rejected the assessee's "other method" using market quotations from brokerage houses/associations/exchanges and applied TNMM with manufacturing comparables instead of trading comparables. The ITAT held that the assessee correctly applied the other method using available market quotes from multiple sources including Murgi Meghan, Sunvin Group, Malaysian Palm Oil and Solvent Extractors. The difference of Rs. 97,36,699 was considered miniscule against total international transactions of Rs. 729 crores. The TPO failed to properly analyze the contemporaneous transfer pricing documentation prepared by the assessee. Case-Laws Income Tax Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451287