Court Rules Bright Line Test Invalid for Transfer Pricing Adjustments Due to Lack of Legal Basis. https://www.taxtmi.com/highlights?id=36409 TPA - determination of ALP - TP adjustment by applying Bright Line Test (BLT) is not sustainable on protective basis having no statutory mandate. en-us Sat, 23 Sep 2017 13:06:08 +0530 Sat, 23 Sep 2017 13:06:08 +0530 TaxTMI RSS Generator Court Rules Bright Line Test Invalid for Transfer Pricing Adjustments Due to Lack of Legal Basis. https://www.taxtmi.com/highlights?id=36409 TPA - determination of ALP - TP adjustment by applying Bright Line Test (BLT) is not sustainable on protective basis having no statutory mandate. Highlights Income Tax Sat, 23 Sep 2017 13:06:08 +0530 https://www.taxtmi.com/highlights?id=36409