https://www.taxtmi.com/caselaws?id=208222 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to determine income based on the value of services established by the Transfer Pricing Officer. The decision emphasized the significance of following the TPO's assessment in computing total income and upheld the appellant's claim regarding the disallowance of royalty payment to Oracle Corporation, USA. The Tribunal clarified that provisions of section 40A(2) cannot override specific provisions of Chapter X concerning international transactions, highlighting the importance of adhering to transfer pricing regulations. en-us Wed, 05 Aug 2009 00:00:00 +0530 Thu, 07 Jul 2016 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208222 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to determine income based on the value of services established by the Transfer Pricing Officer. The decision emphasized the significance of following the TPO's assessment in computing total income and upheld the appellant's claim regarding the disallowance of royalty payment to Oracle Corporation, USA. The Tribunal clarified that provisions of section 40A(2) cannot override specific provisions of Chapter X concerning international transactions, highlighting the importance of adhering to transfer pricing regulations. Case-Laws Income Tax Wed, 05 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208222