ITAT Delhi Upholds CUP Method for Palm Oil Imports; ₹2.18 Cr TP Adjustment Deleted

ACIT Vs Tvarur & Fats Pvt. Ltd. (ITAT Delhi)

ITAT Delhi Upholds CUP Method for Palm Oil Imports – ₹2.18 Cr TP Adjustment Deleted in Tvarur Fats Case

Delhi Tribunal   dismissed Revenue’s appeal & upheld the CIT(A)’s order deleting the ₹2.18 crore Transfer Pricing adjustment made on palm oil imports from AE, Inter-Continental Oils & Fats Pte. Ltd., Singapore.

Assessee, engaged in trading of palm oil, benchmarked its imports using the Comparable Uncontrolled Price (CUP) method, relying on Sunvin Oils’ price quotes derived from the Kuala Lumpur C

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