Transfer Pricing: Assessee can resile from Most Appropriate method selected earlier

Star India Private Limited Vs ACIT (ITAT Mumbai Special Bench) The landmark case of Star India Pvt. Ltd. Vs ACIT-16(1), Mumbai delves into complexities surrounding transfer pricing adjustments and the selection of the Most Appropriate Method (MAM) in international transactions. The Special Bench was convened to assess the validity of the Assessing Officer’s (AO) adjustment to the transaction of acquiring Bundle of Sport Broadcasting Rights (BSB Rights), based on deficiencies identified in the valuation report provided by the assessee, Star India Pvt. Ltd. Star India entered into a transa...