TP issues on Entity level TNMM admitted

The Bombay High Court, by its order dated 5 August 2026, admitted the Revenue's appeal against the ITAT's transfer pricing ruling in the case of Cummins India Ltd. 

The Court held that important questions of law concerning entity-level benchmarking under TNMM, aggregation of domestic and international transactions, and the interpretation of Section 92 warrant detailed consideration.