India vs Inductotherm (India) Pvt. Ltd., May 2026, Income Tax Appellate Tribunal, Case No ITA No. 1609/Ahd/2024
The Income Tax Appellate Tribunal, Ahmedabad allowed the appeal of Inductotherm (India) Pvt. Ltd. for statistical purposes, directing deletion of a transfer pricing adjustment of Rs.3,88,46,904 and remanding two further issues to the Assessing Officer for fresh adjudication. The Tribunal held that TNMM at entity level was the most appropriate transfer pricing method, consistent with coordinate bench decisions in the assessee’s own case for earlier assessment years.

