https://www.taxtmi.com/caselaws?id=331472 The Tribunal partly allowed the appeal, directing the deletion of the addition made on account of the transfer pricing adjustment for the purchase of capital assets. The other grounds raised by the assessee regarding the validity of the assessment order and payment of divisional recharge were dismissed as not pressed or withdrawn. The Tribunal emphasized the importance of seeking expert opinion from the Departmental Valuation Officer rather than making arbitrary adjustments in transfer pricing matters. en-us Fri, 06 May 2016 00:00:00 +0530 Wed, 24 Aug 2016 11:01:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331472 The Tribunal partly allowed the appeal, directing the deletion of the addition made on account of the transfer pricing adjustment for the purchase of capital assets. The other grounds raised by the assessee regarding the validity of the assessment order and payment of divisional recharge were dismissed as not pressed or withdrawn. The Tribunal emphasized the importance of seeking expert opinion from the Departmental Valuation Officer rather than making arbitrary adjustments in transfer pricing matters. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331472