https://www.taxtmi.com/caselaws?id=762838 ITAT Chennai remanded transfer pricing adjustment matter to TPO for fresh consideration after admitting additional evidence including dealer price determinations and letters of intent. The tribunal directed TPO to reconsider most appropriate method selection for arm's length price determination, allowing assessee's grounds for statistical purposes. Separately, business promotion expenditure disallowance was also remanded to AO for fresh adjudication after assessee undertook to file supporting evidence. en-us Wed, 07 Aug 2024 00:00:00 +0530 Sat, 07 Dec 2024 21:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762838 ITAT Chennai remanded transfer pricing adjustment matter to TPO for fresh consideration after admitting additional evidence including dealer price determinations and letters of intent. The tribunal directed TPO to reconsider most appropriate method selection for arm's length price determination, allowing assessee's grounds for statistical purposes. Separately, business promotion expenditure disallowance was also remanded to AO for fresh adjudication after assessee undertook to file supporting evidence. Case-Laws Income Tax Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762838