https://www.taxtmi.com/caselaws?id=768133 The HC set aside the Income Tax Appellate Tribunal's determination of arm's length price (ALP) and remanded the case for fresh consideration. The Tribunal failed to follow Supreme Court guidance from Sap Labs India (P) Ltd., which established that ALP determinations must strictly adhere to guidelines in Chapter X of the Income-tax Act and corresponding Rules. The HC rejected arguments that the Tribunal's decision was beyond judicial scrutiny, affirming that courts can review such determinations to ensure compliance with statutory framework. All substantive contentions were left open for the Tribunal's reconsideration in accordance with proper legal guidelines. en-us Wed, 26 Mar 2025 00:00:00 +0530 Tue, 01 Apr 2025 08:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768133 The HC set aside the Income Tax Appellate Tribunal's determination of arm's length price (ALP) and remanded the case for fresh consideration. The Tribunal failed to follow Supreme Court guidance from Sap Labs India (P) Ltd., which established that ALP determinations must strictly adhere to guidelines in Chapter X of the Income-tax Act and corresponding Rules. The HC rejected arguments that the Tribunal's decision was beyond judicial scrutiny, affirming that courts can review such determinations to ensure compliance with statutory framework. All substantive contentions were left open for the Tribunal's reconsideration in accordance with proper legal guidelines. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768133