https://www.taxtmi.com/caselaws?id=770051 ITAT Mumbai allowed the assessee's appeal regarding transfer pricing adjustment methodology. The tribunal held that the Transactional Net Margin Method (TNMM) adopted by the assessee was the most appropriate method for benchmarking international transactions of sale/exports of goods, as opposed to the Comparable Uncontrolled Price (CUP) method applied by the revenue authorities. The impugned order was set aside and the matter was restored to the assessing officer for determination of arm's length price using TNMM method for export transactions to the associated enterprise. en-us Thu, 27 Feb 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770051 ITAT Mumbai allowed the assessee's appeal regarding transfer pricing adjustment methodology. The tribunal held that the Transactional Net Margin Method (TNMM) adopted by the assessee was the most appropriate method for benchmarking international transactions of sale/exports of goods, as opposed to the Comparable Uncontrolled Price (CUP) method applied by the revenue authorities. The impugned order was set aside and the matter was restored to the assessing officer for determination of arm's length price using TNMM method for export transactions to the associated enterprise. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770051