https://www.taxtmi.com/caselaws?id=778491 ITAT set aside the upward transfer-pricing adjustment and remitted the matter to the AO/TPO for fresh examination. The tribunal held the assessee must produce audited financial statements and detailed FAR of the foreign associated enterprise and of the Indian party to justify treating the AE as the least complex tested party. AO/TPO is directed to verify the data, reassess benchmarking and determine the ALP of the international trading/sales-commission transactions. Interest claimed on delayed receivables is also remitted for reassessment pending resolution of the primary TP issue. en-us Mon, 15 Sep 2025 00:00:00 +0530 Wed, 17 Sep 2025 13:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778491 ITAT set aside the upward transfer-pricing adjustment and remitted the matter to the AO/TPO for fresh examination. The tribunal held the assessee must produce audited financial statements and detailed FAR of the foreign associated enterprise and of the Indian party to justify treating the AE as the least complex tested party. AO/TPO is directed to verify the data, reassess benchmarking and determine the ALP of the international trading/sales-commission transactions. Interest claimed on delayed receivables is also remitted for reassessment pending resolution of the primary TP issue. Case-Laws Income Tax Mon, 15 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778491