TNMM is most appropriate method in absence of CUP which is applicable in intangibles

Advertisement Menzies Bobba Ground Handling Services Private Limited Vs DCIT (ITAT Hyderabad) ITAT Hyderabad held that Transactional Net Margin Method (TNMM) was the most appropriate method in the absence of a Comparable Uncontrolled Price (CUP) which is applicable to the payment of technical service fee which is in nature of intangibles. Facts- The assessee is in the business of providing ground handling services in the nature of ticketing, checking, load control, messaging and standard communication, aircraft loading and unloading, cabin cleaning, aircraft ground support equipment, etc. I...