https://www.taxtmi.com/caselaws?id=342041 The case involved transfer pricing adjustments on royalty payments and disallowance of employee contributions towards Provident Fund and ESIC. The Tribunal remanded the transfer pricing issue back to the tax authorities for a fresh examination, emphasizing the need for an independent transfer pricing study despite FIPB approval. The disallowance of employee contributions was deleted as the payments were made within the financial year. The appeal was partly allowed, with the transfer pricing issue requiring further review and the disallowance of employee contributions being overturned. en-us Wed, 12 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342041 The case involved transfer pricing adjustments on royalty payments and disallowance of employee contributions towards Provident Fund and ESIC. The Tribunal remanded the transfer pricing issue back to the tax authorities for a fresh examination, emphasizing the need for an independent transfer pricing study despite FIPB approval. The disallowance of employee contributions was deleted as the payments were made within the financial year. The appeal was partly allowed, with the transfer pricing issue requiring further review and the disallowance of employee contributions being overturned. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342041