https://www.taxtmi.com/caselaws?id=336757 The Tribunal ruled in favor of the assessee on various issues, including jurisdiction of the Dispute Resolution Panel (DRP) to entertain objections against draft assessment orders, the opportunity of being heard by the Transfer Pricing Officer (TPO), and the determination of Arm's Length Price (ALP) using appropriate comparables. It dismissed the revenue's appeal regarding the validity of royalty payment for a specific unit and rejected the assessee's claim for addition to fixed assets due to insufficient documentation. The Tribunal allowed appeals for certain assessment years, emphasizing the importance of providing a hearing opportunity and using proper methods for determining ALP. en-us Mon, 17 Oct 2016 00:00:00 +0530 Wed, 28 Dec 2016 09:24:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336757 The Tribunal ruled in favor of the assessee on various issues, including jurisdiction of the Dispute Resolution Panel (DRP) to entertain objections against draft assessment orders, the opportunity of being heard by the Transfer Pricing Officer (TPO), and the determination of Arm's Length Price (ALP) using appropriate comparables. It dismissed the revenue's appeal regarding the validity of royalty payment for a specific unit and rejected the assessee's claim for addition to fixed assets due to insufficient documentation. The Tribunal allowed appeals for certain assessment years, emphasizing the importance of providing a hearing opportunity and using proper methods for determining ALP. Case-Laws Income Tax Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336757