https://www.taxtmi.com/caselaws?id=353992 The Tribunal allowed the Assessee's appeals for both assessment years, concluding that the TP adjustments made by the TPO and confirmed by the DRP were not justified. The Tribunal emphasized the importance of following prescribed methods for determining the ALP and rejected ad hoc adjustments. The decision highlights the need for proper documentation and adherence to agreements in TP matters. en-us Fri, 12 Jan 2018 00:00:00 +0530 Tue, 16 Jan 2018 09:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353992 The Tribunal allowed the Assessee's appeals for both assessment years, concluding that the TP adjustments made by the TPO and confirmed by the DRP were not justified. The Tribunal emphasized the importance of following prescribed methods for determining the ALP and rejected ad hoc adjustments. The decision highlights the need for proper documentation and adherence to agreements in TP matters. Case-Laws Income Tax Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353992