https://www.taxtmi.com/caselaws?id=281097 The ITAT dismissed both the department's and the assessee's appeals, upholding the Ld. CIT (A)'s decisions on transfer pricing adjustments and working capital adjustment based on the OECD formula. The ITAT found no legal infirmity in the directions given by the Ld. CIT (A) and stated that working capital adjustment is essential in TNMM. The order was pronounced on 14th August 2018. en-us Tue, 14 Aug 2018 00:00:00 +0530 Mon, 03 Jun 2019 20:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281097 The ITAT dismissed both the department's and the assessee's appeals, upholding the Ld. CIT (A)'s decisions on transfer pricing adjustments and working capital adjustment based on the OECD formula. The ITAT found no legal infirmity in the directions given by the Ld. CIT (A) and stated that working capital adjustment is essential in TNMM. The order was pronounced on 14th August 2018. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281097