https://www.taxtmi.com/caselaws?id=755834 ITAT Mumbai ruled on transfer pricing adjustment for goods purchased from associated enterprises. The assessee, engaged in selling fiber glass products through buy-sell and sales commission models, challenged TPO's application of Resale Price Method (RPM) as Most Appropriate Method. ITAT upheld RPM as appropriate given assessee's limited value addition. Regarding comparables, ITAT excluded ECMAS Resins due to low trading component (40.06%) and directed exclusion of Arrow Technical Textile for product dissimilarity. TPO was directed to re-examine working capital adjustments and recompute arm's length price accordingly. Appeal partly allowed. en-us Thu, 18 Jul 2024 00:00:00 +0530 Sat, 20 Jul 2024 08:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755834 ITAT Mumbai ruled on transfer pricing adjustment for goods purchased from associated enterprises. The assessee, engaged in selling fiber glass products through buy-sell and sales commission models, challenged TPO's application of Resale Price Method (RPM) as Most Appropriate Method. ITAT upheld RPM as appropriate given assessee's limited value addition. Regarding comparables, ITAT excluded ECMAS Resins due to low trading component (40.06%) and directed exclusion of Arrow Technical Textile for product dissimilarity. TPO was directed to re-examine working capital adjustments and recompute arm's length price accordingly. Appeal partly allowed. Case-Laws Income Tax Thu, 18 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755834