https://www.taxtmi.com/caselaws?id=378983 The Tribunal allowed the assessee's appeal concerning Transfer Pricing Adjustment by directing the TPO to permit working capital adjustment as per DRP's specific instructions, ultimately impacting the total income addition. The Tribunal emphasized compliance with DRP directions, rendering challenges on the validity of reference, selection of comparable companies, Arm's Length Price determination, and other grounds moot due to the decision on working capital adjustment. Interest levied and penalty proceedings were also affected by the Tribunal's ruling, emphasizing the significance of following DRP instructions in Transfer Pricing cases. en-us Wed, 27 Mar 2019 00:00:00 +0530 Wed, 24 Apr 2019 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378983 The Tribunal allowed the assessee's appeal concerning Transfer Pricing Adjustment by directing the TPO to permit working capital adjustment as per DRP's specific instructions, ultimately impacting the total income addition. The Tribunal emphasized compliance with DRP directions, rendering challenges on the validity of reference, selection of comparable companies, Arm's Length Price determination, and other grounds moot due to the decision on working capital adjustment. Interest levied and penalty proceedings were also affected by the Tribunal's ruling, emphasizing the significance of following DRP instructions in Transfer Pricing cases. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378983