https://www.taxtmi.com/caselaws?id=313956 The ITAT upheld the internal TNMM as the appropriate method for determining the ALP for international transactions, allowing the appeal on this ground. It also favored the appellant regarding the upward TP adjustment for corporate support services, aligning with previous decisions. However, the Tribunal dismissed the challenge against interest charges under sections 234B and 234C, deeming them mandatory and consequential. The appeal was partly allowed, with the Tribunal issuing its order on 19th February 2020. en-us Wed, 19 Feb 2020 00:00:00 +0530 Fri, 10 May 2024 06:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313956 The ITAT upheld the internal TNMM as the appropriate method for determining the ALP for international transactions, allowing the appeal on this ground. It also favored the appellant regarding the upward TP adjustment for corporate support services, aligning with previous decisions. However, the Tribunal dismissed the challenge against interest charges under sections 234B and 234C, deeming them mandatory and consequential. The appeal was partly allowed, with the Tribunal issuing its order on 19th February 2020. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313956