TNMM is Most Appropriate Method in absence of details of independent contracts/functions/ services rendered to different AEs and unrelated parties: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the transactional net margin method (TNMM) is the most appropriate method in the absence of details of independent contracts/ functions/ services rendered to different Associated enterprises (AEs) and unrelated parties. The assessee filed objections before the Dispute Resolution Panel (DRP), New Delhi, against the Draft…