https://www.taxtmi.com/caselaws?id=258914 The Tribunal allowed the appeal filed by the assessee on both grounds. Regarding the disallowance of bonus paid to shareholder employees, the Tribunal found the payments to be legitimate business expenses based on performance evaluations and commercial expediency. Concerning Transfer Pricing Adjustments (TPA), the Tribunal excluded Integrated Capital Services Limited (ICSL) as a comparable entity, determining that its activities were functionally different from the assessee's services. With ICSL excluded, the remaining comparables met the arm's length standard. The appeal was decided in favor of the assessee on both issues. en-us Fri, 20 Feb 2015 00:00:00 +0530 Fri, 24 Apr 2015 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258914 The Tribunal allowed the appeal filed by the assessee on both grounds. Regarding the disallowance of bonus paid to shareholder employees, the Tribunal found the payments to be legitimate business expenses based on performance evaluations and commercial expediency. Concerning Transfer Pricing Adjustments (TPA), the Tribunal excluded Integrated Capital Services Limited (ICSL) as a comparable entity, determining that its activities were functionally different from the assessee's services. With ICSL excluded, the remaining comparables met the arm's length standard. The appeal was decided in favor of the assessee on both issues. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258914