https://www.taxtmi.com/caselaws?id=372746 The Tribunal upheld the CIT(A)'s order in favor of the assessee, dismissing the Revenue's appeal and the cross objection of the assessee. Various adjustments relating to income tax, service tax, royalty payments, expenses, and depreciation were deleted or allowed based on previous cases and agreements, emphasizing adherence to commercial arrangements and regulatory guidelines. The Tribunal found no justification for the adjustments made by the Transfer Pricing Officer, ultimately ruling in favor of the assessee on all grounds. en-us Wed, 26 Dec 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372746 The Tribunal upheld the CIT(A)'s order in favor of the assessee, dismissing the Revenue's appeal and the cross objection of the assessee. Various adjustments relating to income tax, service tax, royalty payments, expenses, and depreciation were deleted or allowed based on previous cases and agreements, emphasizing adherence to commercial arrangements and regulatory guidelines. The Tribunal found no justification for the adjustments made by the Transfer Pricing Officer, ultimately ruling in favor of the assessee on all grounds. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372746