https://www.taxtmi.com/caselaws?id=281691 The Tribunal focused on transfer pricing adjustments regarding License Fees and Management Fees, determining that these transactions should be aggregated and the Arm's Length Price (ALP) assessed at the entity level using the Transactional Net Margin Method (TNMM). The Tribunal remanded the issue to the CIT (Appeals) for further review, instructing the CIT (Appeals) to seek a remand report from the TPO and granting the assessee an opportunity to present their case. Other issues like Provision for Doubtful Advances, Loss on Sale of Asset, Reimbursement of Expenses without TDS, and Disallowance of Payment to H.K. Technologies Ltd. were briefly mentioned as contributing to the final assessed income. The appeal was allowed for statistical purposes. en-us Fri, 14 Sep 2018 00:00:00 +0530 Mon, 01 Jul 2019 20:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281691 The Tribunal focused on transfer pricing adjustments regarding License Fees and Management Fees, determining that these transactions should be aggregated and the Arm's Length Price (ALP) assessed at the entity level using the Transactional Net Margin Method (TNMM). The Tribunal remanded the issue to the CIT (Appeals) for further review, instructing the CIT (Appeals) to seek a remand report from the TPO and granting the assessee an opportunity to present their case. Other issues like Provision for Doubtful Advances, Loss on Sale of Asset, Reimbursement of Expenses without TDS, and Disallowance of Payment to H.K. Technologies Ltd. were briefly mentioned as contributing to the final assessed income. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281691