Tag: TNMM method

ITAT Deletes ₹3.88 Crore Transfer Pricing Addition Against Inductotherm India, Rebukes DRP for Ignoring Binding Precedents

Team Law Notify Commissions, Forums & Tribunals May 28, 2026

Income Tax Appellate Tribunal (ITAT) Law Notify.in

May 27, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to Inductotherm (India) Pvt. Ltd. by deleting a transfer pricing adjustment of ₹3.88 crore for the Assessment Year 2020-21, while also criticizing Read more…

ITAT: Functional Similarity Essential for Transfer Pricing Comparables; NDTV Gets Partial Relief

Team Law Notify Commissions, Forums & Tribunals March 7, 2026

March 06, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has reiterated that for transfer pricing analysis under the Transactional Net Margin Method (TNMM), only companies that are functionally comparable to the tested party can be Read more…