Appellate Authorities can Adopt Transfer Pricing Method different from that adopted by assessee

PCIT Vs Hellmann Worldwide Logistics India Pvt. Ltd (Delhi High Court) In the case of PCIT vs. Hellmann Worldwide Logistics India Pvt. Ltd, the Delhi High Court examined the right of appellate authorities to adopt a transfer pricing method different from that chosen by the assessee. The dispute revolved around the assessment proceedings for the Assessment Year 2008-09. Detailed Analysis: The case involved Hellmann Worldwide Logistics India Pvt. Ltd, a company engaged in various transactions related to airfreight and sea freight. The Assessing Officer initiated a transfer pricing assessment, gi...