https://www.taxtmi.com/caselaws?id=375907 The Tribunal upheld the Transfer Pricing Officer's adjustment of international transactions' arm's length pricing, dismissing the revenue's appeal. The Tribunal justified the exclusion of certain comparables for transfer pricing analysis but remanded the issue of inclusion/exclusion of specific comparables for further verification. Additionally, the Tribunal upheld the treatment of legal and professional fees as revenue expenditure, directing the Assessing Officer to allow them unless covered under specific sections of the Income Tax Act. The Tribunal partially allowed the assessee's appeal, remanding certain aspects for reevaluation by the Transfer Pricing Officer/Assessing Officer. en-us Fri, 15 Feb 2019 00:00:00 +0530 Wed, 27 Feb 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375907 The Tribunal upheld the Transfer Pricing Officer's adjustment of international transactions' arm's length pricing, dismissing the revenue's appeal. The Tribunal justified the exclusion of certain comparables for transfer pricing analysis but remanded the issue of inclusion/exclusion of specific comparables for further verification. Additionally, the Tribunal upheld the treatment of legal and professional fees as revenue expenditure, directing the Assessing Officer to allow them unless covered under specific sections of the Income Tax Act. The Tribunal partially allowed the assessee's appeal, remanding certain aspects for reevaluation by the Transfer Pricing Officer/Assessing Officer. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375907