1.0Taxmann Bloghttps://www.taxmann.com/postrich600338<blockquote class="wp-embedded-content" data-secret="ucs3OK6uX2"><a href="https://www.taxmann.com/post/blog/practical-experience-on-tp-assessment/">Practical experience on TP Assessment</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.taxmann.com/post/blog/practical-experience-on-tp-assessment/embed#?secret=ucs3OK6uX2" width="600" height="338" title="“Practical experience on TP Assessment” — Taxmann Blog" data-secret="ucs3OK6uX2" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> https://www.taxmann.com/post/wp-content/uploads/2021/10/Practical-experience-on-TP-Assessment_oct21.jpg768450In 2016, with an intent to only select relevant taxpayers and consequently to reduce transfer pricing litigation, the Central Board of Direct Taxes changed the selection criteria from monetary threshold that was based on value of international transactions to risk-based parameters where taxpayers falling within prescribed risk parameter are selected as opposed to the broad-based approach used earlier.