https://www.taxtmi.com/caselaws?id=790462 Where covered international transactions are governed by an applicable Advance Pricing Agreement, the arm's length price must be recomputed consistently with the APA terms, and the transfer pricing adjustment was therefore sent back for fresh examination. The book profit adjustment under section 115JB and the related MAT credit claim also required reconsideration because the assessment record lacked a reasoned discussion and the matter needed verification after hearing the assessee. The disputed interest and fee computation was likewise remanded for arithmetical correction and verification of the return due date. Interest under section 234B was to be recomputed after giving effect to the revised transfer pricing position. en-us Mon, 06 Apr 2026 00:00:00 +0530 Sat, 25 Apr 2026 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790462 Where covered international transactions are governed by an applicable Advance Pricing Agreement, the arm's length price must be recomputed consistently with the APA terms, and the transfer pricing adjustment was therefore sent back for fresh examination. The book profit adjustment under section 115JB and the related MAT credit claim also required reconsideration because the assessment record lacked a reasoned discussion and the matter needed verification after hearing the assessee. The disputed interest and fee computation was likewise remanded for arithmetical correction and verification of the return due date. Interest under section 234B was to be recomputed after giving effect to the revised transfer pricing position. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790462