https://www.taxtmi.com/caselaws?id=327567 The Tribunal partly allowed the appeal of the assessee, directing the Transfer Pricing Officer (TPO) to re-examine certain issues and delete the unsustainable additions. The Tribunal emphasized adherence to principles laid down by the Hon'ble Delhi High Court and OECD guidelines in transfer pricing matters. The additions made by the TPO for royalty payments and management consultancy fees were deemed unsustainable and liable to be deleted, with the Tribunal finding errors in the TPO's approach and upholding the use of the Transactional Net Margin Method (TNMM) for these transactions. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. en-us Fri, 08 Apr 2016 00:00:00 +0530 Sat, 07 May 2016 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327567 The Tribunal partly allowed the appeal of the assessee, directing the Transfer Pricing Officer (TPO) to re-examine certain issues and delete the unsustainable additions. The Tribunal emphasized adherence to principles laid down by the Hon'ble Delhi High Court and OECD guidelines in transfer pricing matters. The additions made by the TPO for royalty payments and management consultancy fees were deemed unsustainable and liable to be deleted, with the Tribunal finding errors in the TPO's approach and upholding the use of the Transactional Net Margin Method (TNMM) for these transactions. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as premature. Case-Laws Income Tax Fri, 08 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327567