https://www.taxtmi.com/caselaws?id=203638 The Tribunal directed the Assessing Officer to adopt the declared Arms Length Price (ALP) of royalty payments to CA Management Inc. USA by the assessee, rejecting the Transfer Pricing Officer's method that included bad debts. Additionally, the Tribunal ruled against the levy of interest under Section 234D for the assessment year 2003-04, citing a precedent that established the application of this section from the following year. The appeals were allowed in favor of the assessee on both issues. en-us Thu, 28 Jan 2010 00:00:00 +0530 Thu, 09 Jun 2011 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203638 The Tribunal directed the Assessing Officer to adopt the declared Arms Length Price (ALP) of royalty payments to CA Management Inc. USA by the assessee, rejecting the Transfer Pricing Officer's method that included bad debts. Additionally, the Tribunal ruled against the levy of interest under Section 234D for the assessment year 2003-04, citing a precedent that established the application of this section from the following year. The appeals were allowed in favor of the assessee on both issues. Case-Laws Income Tax Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203638