https://www.taxtmi.com/caselaws?id=385604 The Tribunal allowed the appeals of the assessee, holding that the Transfer Pricing Officer's adjustment of the Regional Service Charges payments to Nil was not justified. The Tribunal emphasized that the TPO could not question the commercial necessity of the services and that the extensive documentation provided evidenced the receipt of services. The Tribunal also rejected the TPO's argument of duplication of services and found no merit in the initiation of penalty proceedings. en-us Wed, 04 Sep 2019 00:00:00 +0530 Mon, 09 Sep 2019 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385604 The Tribunal allowed the appeals of the assessee, holding that the Transfer Pricing Officer's adjustment of the Regional Service Charges payments to Nil was not justified. The Tribunal emphasized that the TPO could not question the commercial necessity of the services and that the extensive documentation provided evidenced the receipt of services. The Tribunal also rejected the TPO's argument of duplication of services and found no merit in the initiation of penalty proceedings. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385604