https://www.taxtmi.com/caselaws?id=239017 The Tribunal upheld the CIT(A)'s decisions to delete various additions made by the AO, including adjustments in the ALP of international transactions, royalty expenses, know-how fees, technical service expenses, and Section 35AB deductions. The Tribunal found the expenses to be genuine revenue expenditures and provided guidance on transfer pricing methods. However, the Tribunal disagreed with the adoption of a turnover threshold for selecting comparables and an ad hoc working capital adjustment. Some issues were remanded for further review by the AO. en-us Wed, 27 Feb 2013 00:00:00 +0530 Sun, 03 Nov 2013 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239017 The Tribunal upheld the CIT(A)'s decisions to delete various additions made by the AO, including adjustments in the ALP of international transactions, royalty expenses, know-how fees, technical service expenses, and Section 35AB deductions. The Tribunal found the expenses to be genuine revenue expenditures and provided guidance on transfer pricing methods. However, the Tribunal disagreed with the adoption of a turnover threshold for selecting comparables and an ad hoc working capital adjustment. Some issues were remanded for further review by the AO. Case-Laws Income Tax Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239017