https://www.taxtmi.com/caselaws?id=790839 Authentic and reliable price quotations or market publications may be used as comparable uncontrolled price data for benchmarking imports of crude palm oil, and the Tribunal held that quotations from Sunvin Group and MMSPL were valid CUP inputs where no material existed to doubt their reliability; the transfer pricing adjustment was therefore deleted. The challenge to initiation of penalty proceedings under section 270A was treated as premature because penalty proceedings are separate from assessment proceedings, so that objection was rejected. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790839 Authentic and reliable price quotations or market publications may be used as comparable uncontrolled price data for benchmarking imports of crude palm oil, and the Tribunal held that quotations from Sunvin Group and MMSPL were valid CUP inputs where no material existed to doubt their reliability; the transfer pricing adjustment was therefore deleted. The challenge to initiation of penalty proceedings under section 270A was treated as premature because penalty proceedings are separate from assessment proceedings, so that objection was rejected. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790839