https://www.taxtmi.com/caselaws?id=239750 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on both issues. Regarding the write-off of bad stock, the Tribunal confirmed the assessee's practice of periodically writing off unsaleable stock and allowed the claim. Concerning the transfer pricing adjustment for royalty payments, the Tribunal agreed with the CIT(A) that the internal CUP method was incorrectly applied, and the TNMM method showed the assessee's margins were higher than industry averages, thus no adjustment was necessary. The revenue's appeal was dismissed, and the order was pronounced on 22/02/2013. en-us Fri, 22 Feb 2013 00:00:00 +0530 Tue, 13 Dec 2022 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239750 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on both issues. Regarding the write-off of bad stock, the Tribunal confirmed the assessee's practice of periodically writing off unsaleable stock and allowed the claim. Concerning the transfer pricing adjustment for royalty payments, the Tribunal agreed with the CIT(A) that the internal CUP method was incorrectly applied, and the TNMM method showed the assessee's margins were higher than industry averages, thus no adjustment was necessary. The revenue's appeal was dismissed, and the order was pronounced on 22/02/2013. Case-Laws Income Tax Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239750