TP Adjustment - selection of MAM [Most Appropriate Method] - The ...

Court Backs Tribunal, Endorses TNMM for Transactions; Criticizes TPO's Methods and Supports Assessee's Data Reliability Claims.

April 24, 2024

Case Laws Income Tax HC

TP Adjustment - selection of MAM [Most Appropriate Method] - The High Court upheld the Tribunal's decision, affirming TNMM as the appropriate method for benchmarking transactions. It criticized the TPO's one-to-one comparison and affirmed Assessee's use of TNMM. The High Court found fault with the TPO's reliance on the Bloomberg database without adequate clarification or consideration of Assessee's objections. It supported Assessee's contention regarding the reliability of Indian Customs data.

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TP Adjustment - selection of MAM [Most Appropriate Method] - The ...

Court Backs Tribunal, Endorses TNMM for Transactions; Criticizes TPO's Methods and Supports Assessee's Data Reliability Claims.

April 24, 2024

Case Laws Income Tax HC

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