https://www.taxtmi.com/caselaws?id=336769 The High Court dismissed the appellant's challenge regarding transfer pricing adjustment remand, emphasizing that the assessment proceedings should be conducted by the Assessing Officer, not the TPO. The Court upheld the rejection of abnormal operating expenses adjustment, stating the appellant failed to prove higher expenses during a strike period. It highlighted the need for adjustments in the profit margin of comparable companies to align with international transactions. The issue of depreciation on moulds and sales tool expenses were to be reviewed afresh, considering abnormal events like strikes affecting operations. en-us Fri, 23 Dec 2016 00:00:00 +0530 Wed, 28 Dec 2016 09:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336769 The High Court dismissed the appellant's challenge regarding transfer pricing adjustment remand, emphasizing that the assessment proceedings should be conducted by the Assessing Officer, not the TPO. The Court upheld the rejection of abnormal operating expenses adjustment, stating the appellant failed to prove higher expenses during a strike period. It highlighted the need for adjustments in the profit margin of comparable companies to align with international transactions. The issue of depreciation on moulds and sales tool expenses were to be reviewed afresh, considering abnormal events like strikes affecting operations. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336769